Twitter (TWTR) Leads Social Media Declines Prior to Facebook (FB) Earnings Report

NEW YORK (TheStreet) -- Social media stocks fell on Monday prior to Facebook's (FB) upcoming earnings results announcement at the close of the trading day on Wednesday. Twitter  (TWTR) was the biggest decliner with a 6.19% drop to $57.92 at the close of the trading day. Twitter is scheduled to make its first quarterly earnings report on Wednesday, Feb. 5.

Facebook, too, dipped 1.65% to $53.55, while LinkedIn  (LNKD) dropped 5.69% to $205.03. Yelp (YELP) fell 4.67% to $72.44, and Groupon (GRPN) dropped 2.82% to $9.99.

Facebook will mark its tenth anniversary since it went live on Tuesday, Feb. 4.

TWTR Chart

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