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GSVC Market Currents
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Wednesday 7:14 PM Clobbered over the last week due to Facebook's (FB) less-than-stellar IPO, GSV Capital (GSVC +4.9%) is now trying to downplay its Facebook exposure. Facebook only makes up 4% of GSV's overall holdings, says CEO Michael Moe, and 2013 IPO candidate Twitter is actually the company's largest position. Meanwhile, fellow Facebook owner SVVC has seen its price fall below its net asset value.
1 Comment[Tech, Financials]
- Monday 9:54 AM Facebook (FB -13.2%) tumbles in early trading to $33.20; even after the selloff, the company trades at nearly 23x sales and 75x trailing EPS. Not helping is BTIG's decision to launch coverage at Neutral; in-line with earlier comments, the firm is worried about Facebook's valuation, decelerating growth, and ad monetization issues. Also lower: RENN -8.3%. ZNGA -7.1%. YELP -6.8%. LNKD -6.1%. GRPN -4.8%. SVVC -7.4%. GSVC -10%. [Tech, On the Move]
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at MarketWatch.com (Mon, 4:22PM)
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at MarketWatch.com (May 15, 2012)
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at MarketWatch.com (Feb 10, 2012)
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at CNBC.com (Feb 1, 2012)
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at CNBC.com (Jan 31, 2012)
GSVC Press Releases and Filings
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GlobeNewswire (May 16, 2012)
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GlobeNewswire (May 11, 2012)
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GlobeNewswire (May 8, 2012)
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GlobeNewswire (Mar 12, 2012)
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