Social media may be what all the kids are up to, but it wasn’t what investors liked this week.
Three social media companies — Twitter, Yelp, and Linkedin — all reported underwhelming results that led to their stocks being clobbered this week, reports the New York Times.
Linkedin shares (LNKD) fell 25%, Twitter
25% and Yelp (YELP) 23%.
From the Times:
The Times notes that the difficulty these companies face in the public arena could lead other tech startups to avoid heading out on the IPO trail, opting instead to stay private.
For more about Twitter, watch this Fortune video: