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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.



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

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SYM TRADE IT LAST %CHG
ZNGA $2.45 0.00%
ANGI $5.66 0.00%
GRPN $7.20 0.00%
LNKD $253.75 0.00%
P $17.49 0.00%

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