MARKET CURRENTS
real-time news and commentary for investors

Friday, January 27, 4:05 PM LinkedIn (LNKD +5.9%), Groupon (GRPN +2.6%), Baidu (BIDU +6%), and Weibo owner Sina (SINA +12.1%) have also received a lift (previously) from Facebook's reported IPO plans. So has Google (GOOG +2.1%), perhaps out of a belief that Facebook's high IPO valuation (rumored financial data suggests a trailing P/E in the 70-90 range) would make the search giant look cheap by comparison.

This Market Current was sent to 1,576 people who get email alerts on LNKD.

Get email alerts on LNKD »

Share this page

Track new comments on this story

This news story has 5 comments:

Windsun33 Comments (3523)

At the rumored prices for Facebook, gold would look cheap at $12,000 an ounce

27 Jan, 04:09 PM Reply Like

Josh Krause Comments (1003)

Facebook is the last of the hanging mega social IPOs. There will likely be a rally after the IPO but it should spell a top for the NASDAQ unless we get into 2000 territory again.

Setting up all types of juicy shorting opportunities.

27 Jan, 05:15 PM Reply Like

mP1 Comments (390)

Im confused how does a facebook ipo help lnkd or any of the stocks that jumped?

27 Jan, 10:58 PM Reply Like

Josh Krause Comments (1003)

Brings attention to them. It will be faded eventually but with thefacebook upon comes a lot of excitement. This is the spillover. Likely the actual upon will signal a top in the market or lead to an eventual one as it is the most hyped upon white whale of them all.

28 Jan, 07:28 AM Reply Like