This year has proven to be the year of IPOs and several social media companies have already distributed floated their shares in their native stock markets. The first decade of the 21st century is not identical to the dot-com boom of the last decade of the last century.
Social media has gone a long way since it came about in the 1990s. Social networks have played a huge part in propagation and the speedy growth of digital media, giving rise to successful cheap start-ups every day. This year, these social media giants are a head of the dot-com race to expand their clientele through initial public offerings.
Linkedin Corporation (LNKD), the premier business social network, led the race by raising a staggering $352.8 million in its NASDAQ debut in May, and it was valued at $8.9 billion on its opening day May 19, 2011.
Groupon (GRPN), that invented digital coupons, went public on the June 2 with an initial offering at $750 million. It is expected to reach $15 billion by the end of the year. Groupon.AE, its Emirati arm doing very well in the Gulf market and it continuously stands amongst the top players in the Gulf region.
Pendora Media Inc. (P) the market leader in online radio raised over $235 million in its initial offering, placing it?s value at $2.78 billion. It is one of those few digital companies to have a single character final market symbol. Its ahead of the race in online radio competing with popular platforms like GrooveShark. Although it is not accessible outside of US, its services have attracted many to find ways to access it and enjoy its many perks.
The most recent one is Zynga (ZYNGA), the world?s largest online gaming platform. Went public on 29th June and it is valued at 15 to 20 billion, according to NameSake.
Facebook, the world?s largest social network announced at the beginning this year that it will conduct its IPO in April 2012, in the meantime it plans to introduce some new advancements to the website, according to Facebook CEO Mark Zuckerberg.
Twitter, the world largest micro-blogging site, crossed the 200 million tweets per day mark on Friday, is yet to surprise the financial market with its plans to go public. Earlier this year, Twitter co-founder Biz Stone told AOL Daily Finance that they have no plans to go public for another 12 months but it had announced it valuation to be around $3.5 billion. Twitter proved to be very successful over the years particularly this year to the Internet revolution of the Middle east.
Every year 30th of June is Social Media Day and many users and activists from all over the Middle East. This year a large group got together at ‘Wild Peeta OS’ at Dubai World Trade Center’ and several groups on Facebook and twitter activity was devoted to networking.
Each of these six dot-com giants are pioneers in the different segments of social media and have continued to show growth both in the US and overseas. Their stocks and IPOs can be purchased at the NASDAQ stock market.
These companies have set better example for dot-com business then Amazon and Ebay and made changed the way business is done today. Setting examples for future dot-com entrepreneurs and startups to ?turn small investments into million dollar projects.
Source: MSNBC, Edmonton Journal, The Street, DailyFinance