Apple and Google get the Love as Facebook and Friends Flop


After years of ballyhoo, tech shareholders are finally sick of Facebook, Zynga and Groupon. Theyre taking flight to the refuge of Apple and Google, each of which have shown excellent business models, respected executive teams, and stellar track records of revenue and profit growth. The disastrous stock dumps endured by Facebook, Zynga and Groupon (down 50 %, 70 %, and 80 % since their IPOs, respectively) have led many investors to a simple determination : The recent tech IPO boom was an insiders game, in which they got screwed.

Wall Street has soured on social media giant Facebook, online gaming company Zynga, and discount coupon concern Groupon, in favor of two familiar tech stalwarts now reaching new heights. Both Apple and Google are at or near all-time highs.

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Source: Rss

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