Is This Social Networking Beatdown Proof of a Tech Bubble?: StockTwits

Category: Social Networking

NEW YORK (TheStreet) -- Maybe China was the canary in the coal mine.

Social networking high fliers Facebook (FB), Twitter (TWTR), LinkedIn (LNKD) and Yelp (YELP) each tumbled 4% or more by 2 p.m. after rising early Monday morning. The moves followed a sharp drop in shares of Chinese Internet companies such as Baidu (BIDU), Sohu.com (SOHU) and Youku (YOKU).

$DIA $SPY $QQQ $IWM from green to red. #Marketintrouble -- Le$ (@lcc007) Apr. 28 at 01:25 PM

At first, the selloff in the Chinese Internet sector seemed a contained reaction to disappointing earnings from Sohu.com and the Chinese government's decision to halt online streaming of popular American television shows. But as the selling spread, it became clear that investor concerns about Internet company valuations extend beyond firms based in Beijing.

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Is This Social Networking Beatdown Proof of a Tech Bubble?: StockTwits

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April 28th, 2014
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