These Internet Stocks Are EXPLODING Today
Facebook (NASDAQ:FB) recently brought its newest monetization scheme out of beta, and apparently it’s working. Shares of Facebook are up over 4 percent so far today, and are up 14.28 percent for the past five days. Shares are still down over 40 percent since the IPO, but it looks like CEO Mark Zuckerberg may be turning investor confidence around.
Other Internet stocks are popping today as well. Facebook ally Zynga (NASDAQ:ZNGA) is up over 4 percent today. The social gaming company has gained a lot of negative attention recently as executives leave in droves, but Facebook monetization means good things for games.
As far as Internet IPOs go, LinkedIn (NYSE:LNKD) has been a success story, growing over 93 percent this year today. The stock is also up today, over 3 percent, as developments in mobile advertising protocol could benefit the professional network.
Not to be left out, Yelp (NYSE:YELP) is up over 5 percent today. The social review site is another cog in the Internet ecosystem that benefits from mobile ad monetization. Even GroupOn, which has tanked in the last six months, is up over 7 percent today.
If the Facebook Exchange is successful, Internet companies across the board stand to profit and Facebook becomes a true giant. We’re all waiting anxiously for Google’s (NASDAQ:GOOG) answer.
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