With Facebook’s (FB) recent IPO, the world has been paying special attention to all social media stocks. Facebook was the most anticipated public offering since Google (GOOG) went public, but the stock so far has been less than impressive. The internet has changed the world, and as it gets bigger, it is becoming more social. People are using the internet to stay in touch, share experiences and play games with people around the world. As social sites grow, people are becoming more interested in their financial potential, but so far the industry has not proven very effective at converting users into revenue, at least not enough to get investors very interested in the stocks. Let’s take a look at a couple of social media sites, and see how they have been performing.
Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.