NEW YORK (
TheStreet) -- Social media stocks rallied late Friday afternoon follows news that
Facebook could file for an IPO
as early as next week.
Social gaming firm
(ZNGA - Get Report) jumped 6.8% to $10.16 as business social network
(LNKD - Get Report) rose 6.4% to $76.99.
Shares of online radio company
(P - Get Report) soared 8.1% to $13.99, while online real estate site
(Z) climbed 6.6% to $28.33.
(GRPN - Get Report) shares, meanwhile, saw a slightly smaller gain of 3.3% to $20.17
was the only decliner of the group, with shares falling 1% to $15.43.
Facebook's IPO could value the company for as much as $100 billion, according to reports. The offering could be one of the largest IPOs in U.S. history.
--Written by Olivia Oran in New York.
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts