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After Hours: Linkedin Annihilated, Visa Beat, Gilead Enormous Beat, AIG Beat
The social media obliteration continues - LNKD is down 20%. Yelp also down nearly 25% today after earnings. V beats by a penny, -1.5% GILD beats by 62 cents a share and $680M in rev, +1.5%, declares first quarterly dividend, raises guidance on product sales. AIG beats by three cents, up about 1%.
It seems that when this market starts to swoon the first stocks out are the ones with no solid product or any visible type of production. The social media stocks fit the bill. Were they just investor gambles to begin with?
@Old_Joe, that's why I haven't invested in these kind of companies. Social media has its place but is it worth investing in compared to a company that produces something everyone wants? It is like investing in an idea, not a product.
Besides I'm too old for this kind of thing anyway.
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Besides I'm too old for this kind of thing anyway.