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LinkedIn (LNKD +5.9%), Groupon (GRPN +2.6%), Baidu (BIDU +6%), and Weibo owner Sina (SINA...

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.
Comments (5)
  • At the rumored prices for Facebook, gold would look cheap at $12,000 an ounce
    27 Jan 2012, 04:09 PM Reply Like
  • 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 2012, 05:15 PM Reply Like
  • Im confused how does a facebook ipo help lnkd or any of the stocks that jumped?
    27 Jan 2012, 10:58 PM Reply Like
  • 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 2012, 07:28 AM Reply Like
  • I assumed that Goog jumped on the news that SINA is going to be offering its own android handset which would give Goog more access to China.
    28 Jan 2012, 12:42 PM Reply Like
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