Tech Takeover: How Social Media Fares on Wall Street

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  • LinkedIn
  • Zynga
  • FriendFinder
  • Pandora
  • Groupon
  • RenRen
  • Twitter Tweets to the Top
  • Twitter
  • Facebook

FriendFinder

Publishers of Penthouse announced in 2008 that they were planning adult dating site FriendFinder’s NYSE debut. But due to “inopportune market conditions,” the move was halted until 2011. The shares debuted at $7.85, or 22 percent below the IPO price, after dipping as low as $7.23. Shares continued to decline through 2012, as it was labeled one of the biggest tech IPO fails of all time. It continues to take hits, closing at a mere .43 on Nov. 8.

(Photo: FriendFinder.com)

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