SAN FRANCISCO Several social-media stocks tumbled into the red Tuesday in the wake of Groupon Inc.’s disappointing quarterly revenue results and forecast. Groupon shares fell more than 23% to a new low of $ 5.83. Also losing ground were Angie’s List Inc. [s; angi], down 17% at $ 11.04; Facebook Inc. , which saw its shares fall more than 3%, to $ 20.91 and Yelp Inc. , off by 3% to trade at $ 23.19.
Categories: Technology