Facebook will go public someday, but not anytime soon: The IPO market has all but dried up, and flush Facebook doesn't need the cash. Thankfully, there are plenty of other means of investing in social networking. Let's go over five ways to play this phenomenon right now.
LinkedIn investors strapped in for a rocket ride Thursday, as its newly minted shares more than doubled during intra-day trading for its public debut. The social networking giant, which priced its IPO at $45 a share Wednesday evening, soared over $122 a share during its first day of trading.
Fueled by strong investor demand, LinkedIn bumped up its IPO pricing range by nearly 30% to between $42 and $45 a share on Tuesday, according to its filing with the SEC. The business-focused social networking giant previously had set its initial pricing range at $32 to $35 a share on May 9.