July 15, 2024

So How’s That “Social Media” Thing Working Out? Facebook and Groupon Investors Get Scorched!

Two of the most hyped social media stocks of the decade have bombed big time – and it’s not just small investors getting crushed this time. Many large sophisticated investors got their faces ripped off on the Facebook IPO including banking giant UBS that tallied up losses of a whopping $350 million.  Faring equally poor, […]