Facebook Inc, Twitter Inc, LinkedIn Corp: What’s Driving Social Media Stocks

social media etfThis has been a wild week for social media stocks (NASDAQ:SOCL).

On one side, you have giants Facebook Inc (NASDAQ:FB) and Twitter (NYSE:TWTR) scaring the daylights out of investors. Facebook said costs and expenses may rise by as much as 70 percent next year. Twitter reported user engagement fell, and its forecasted revenue disappointed the Street.

But on the other side is LinkedIn Corp (NYSE:LNKD), which soundly beat estimates and saw price targets raised by the likes of Stiefel, Canaccord Genuity and JP Morgan.

So which way is the sector headed next? Watch the video below for more details:

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