Post by Forever Sunshine on May 18, 2012 23:37:58 GMT -5
While Facebook (FB +0.61%) nabbed the lion’s share of media attention heading into its record-setting IPO on Friday, an older Internet giant’s stock was quietly rising.
Google (GOOG -3.64%) shares have jumped more than 7% since Facebook filed for its initial public offering on Feb. 2, while the Standard & Poor’s 500-stock index is down about 1%. How to explain this market-beating performance? Some analysts say Google is likely benefiting from the hype surrounding Facebook -- and the inability for most regular investors to get in on the IPO at a decent price. It’s also seen as an attractive option for tech investors who can’t stomach the risks of investing in newly public companies, says Devin Pope, a wealth adviser for Albion Financial Group in Salt Lake City. "Google is a way to get exposure to social media without the risks and some of the potential unknowns from a company like Facebook," he says.
money.msn.com/technology-investment/post.aspx?post=c86b46b2-6faf-4167-ace6-b8c181efd6f8
Google (GOOG -3.64%) shares have jumped more than 7% since Facebook filed for its initial public offering on Feb. 2, while the Standard & Poor’s 500-stock index is down about 1%. How to explain this market-beating performance? Some analysts say Google is likely benefiting from the hype surrounding Facebook -- and the inability for most regular investors to get in on the IPO at a decent price. It’s also seen as an attractive option for tech investors who can’t stomach the risks of investing in newly public companies, says Devin Pope, a wealth adviser for Albion Financial Group in Salt Lake City. "Google is a way to get exposure to social media without the risks and some of the potential unknowns from a company like Facebook," he says.
money.msn.com/technology-investment/post.aspx?post=c86b46b2-6faf-4167-ace6-b8c181efd6f8
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