Social Media Stocks Fall Amid Poor LinkedIn Guidance

Shares of social media stocks fell late Thursday amid poor guidance from LinkedIn Corp (NYSE: LNKD).

LinkedIn announced that it expected Q2 adjusted EPS of $0.28 on revenue of $670 million to $675 million, while analysts had expected EPS of $0.74 on revenue of $718 million.

Shares of immediately tumbled following the news and traded at $209.24 Friday morning, down 17.01 percent.

Analysts at Wedbush and Credit Suisse were among the first to comment on the results.

Shares of Twitter Inc (NYSE: TWTR), Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook Inc (NASDAQ: FB) were also down amid the news, though Facebook recovered by Friday and was higher at the open.

The social media ETF Global X Funds (NASDAQ: SOCL) was down 1.9 percent at $19.81.