Technology and tangent social media stocks have come under pressure Monday as investors in the space may still be digesting some concerning comments from David Einhorn of Greenlight Capital. In the fund's April letter to investors, Einhorn said the market is currently witnessing a second tech bubble.
The carnage is palpable Monday afternoon:
Market News and Data brought to you by Benzinga APIs- LinkedIn LNKD has sold off around 7 percent;
- Pandora Media P fell more than 5 percent, but is now down around 3 percent;
- Facebook FB trading more than 2 percent;
- Twitter TWTR down 3.2 percent;
- Angie's List ANGI down 5.6 percent;
- Zynga ZNGA down 5 percent;
- King Digital KING, the maker of the popular game Candy Crush, down over 8 percent;
- Google GOOG down just over 1 percent; and,
- Apple AAPL shares are the shining star, up over 2 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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