By: Rob Black - Tue, 22 May 2012 17:05:07 -0800
Loser: Facebook Pulls Down All Web 2.0 StocksFacebook is a bellweather stock similar to what Intel or Microsoft used to be. Kings of the ecology or 800 lb gorilla. In the past as Intel or Windows would do all the tech companies that sold into that ecology would follow. Story FB represents greatness to all web 2.0 companies
Pre IPO that helped all the companies. Now you have to pick the winners as there is a lack of enthusiasm right now for facebook.
Social Networking: LinkedIn (LNKD), RenRen (RENN), Sina (SINA), Quepasa (QPSA).
Online Reviews & Local Deals: Groupon (GRPN), Yelp (YELP), Angie's List (ANGI).
Online Gaming/Music: Zynga (ZNGA), Netease (NTES), Pandora (P).
Internet Search: Google (GOOG), Youku (YOKU), AOL (AOL), Yandex (YNDX).
I like Linked In and Google off of this list.
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