Tech stocks: LinkedIn sinking
Here's a look at the tech stocks to watch on Friday.
LinkedIn shares plunging. The professional social network's stock is down nearly 9% in pre-market trading after revealing a disappointing outlook in its first-quarter earnings report.
Although the company posted huge gains in net income and a 72% surge in revenue, LInkedIn forecasts its growth to slow down later this year.
The plunge follows a huge day for LinkedIn, as it closed Thursday's markets at a 52-week high of $201.67.
Google approaching new high. Shares of the tech giant are up a half-percent this morning as it inches closer toward the 52-week high of $838.60 set in early March. It's currently trading at around $833.
During that 52-week window, Google shares have added more than $200 in value.
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