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Social Media Stocks Rally on Facebook News

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 Zynga (ZNGA - Get Report) jumped 6.8% to $10.16 as business social network LinkedIn (LNKD - Get Report) rose 6.4% to $76.99.

Shares of online radio company Pandora (P - Get Report) soared 8.1% to $13.99, while online real estate site Zillow (Z) climbed 6.6% to $28.33.

Groupon (GRPN - Get Report) shares, meanwhile, saw a slightly smaller gain of 3.3% to $20.17

Classifieds site Angie's List (ANGI) 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.

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ZNGA $2.40 0.84%
ANGI $5.57 0.18%
GRPN $3.51 -2.50%
LNKD $195.52 0.45%
P $21.98 0.83%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

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