October 07, 2013 at 17:57 PM EDT
Social Media ETF Up 52% YTD: Is It The Next Bubble?
Social media stocks have gathered a ton of likes and pluses from investors this year. Global X Social Media Index ETF (SOCL) spiked a whopping 52% year to date -- more than doubling the SPDR S&P 500 (SPY) 's 20% rise. Bearish stock market strategists have posted warnings of a social media bubble burst for the past two years, if not longer. They were vindicated when Facebook (FB)'s stock nose-dived right after its May 2012 initial public offering.
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