Many of the world's largest social media stocks have been showing relative strength this year after underperforming in 2014. Social media giants such as Facebook Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR), LinkedIn Corp (NYSE: LNKD) and Japan-based Tencent Holdings Ltd (OTC: TCTZF)/TENCENT HOLDINGS ADR (OTC: TCEHY) are all trading higher in 2015 and beating the broad-based U.S. stock indices.
Social Media Stocks
After gapping up in July 2014, Facebook went sideways until late last week when the stock broke above significant resistance to a new all-time high. The move followed an announcement that money transfers will be a new added feature of its Messenger app, which has more than 500 million users. The stock is up over 10 percent since the beginning of the year.
/www.benzinga.com/etfs/sector-etfs/15/03/5353319/social-media-etf-quietly-outperforming alt=Social Media ETFs Are Quietly Outperforming>Full story available on Benzinga.com
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