Lackluster Tech IPOs

Has the most recent tech bubble burst already? Take a look at this recent chart of Pandora Media. You would expect that this darling of Web 2.0 would have people buying up shares like crazy.

Pandora

Take a look at this recent graph of Pandora's share price from Google finance.

Pandora Share Price from June 15th to June 17th

This does not look like a great investment currently. The share price is on a steady slide down and I would not care to try to guess the bottom before it reaches it.

Pandora is a great idea, a well executed product, and extremely popular. Unfortunately, that hasn't seemed to translate to profits, which is my guess as to why investors are shying away from this company.

Take a look at this recent Wall Street Journal article examining the profitability of Pandora.

LinkedIn

But what about LinkedIn? LinkedIn is perhaps even more interesting of a stock to follow, because it will likely set the tone and influence expectations for the eventual Facebook IPO.

LinkedIn stock price from May to June 17th

Currently their stock price seems to be on steady decline as well.

Even more disturbing is the chart of Chinese Social Network RenRen.

RenRen stock price from May to June 17th

Groupon

Which leads us to one of the next highly anticipated IPOs, Groupon. Ever since Groupon announced their IPO, the internet has been ablaze with articles questioning the merit of the company, and most of them seem to bring up a lot of valid points.

The most concerning aspect of Groupon is that they actually aren't making any profit either,

Counterpoint

Here is an interesting article from MSNBC that takes a slightly different viewpoint. Check out Put a cork in the Internet bubble talk — for now.

Finally,

Be sure to come back to the blog as I will be following some of these tech stocks as time goes on. What do you currently think of these companies? Type your thoughts below in the comments section.