A tough week for tech stocks, sending a chill into IPO-land
"Facebook fell 4.6 percent to $56.75 Friday, completing a decline of 21.8 percent from the Menlo Park social network's all-time intraday high of $72.59, reached less than a month ago. The company has actually been stronger than its rivals, however, as the social-networking sector is littered with such declines. Twitter declined 2.1 percent Friday and is now down 42.3 percent from its all-time high of $74.73, reached on Dec. 26; Yelp plunged 6.8 percent Friday to $65.76, a price that is 35.4 percent lower than the San Francisco online-reviews company's March 5 record price of $101.75; and LinkedIn sunk 6.3 percent to $165.83, 35.6 percent below Sept. 121's [sic] record price of $257.56."Biz Break: Tech stocks' plunge sends Facebook, Netflix into bear market - San Jose Mercury News
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