Forget Twitter, Buy These Social Media ETFs Instead

Last week, social media heavyweight, Twitter, announced that it will file for a stock market IPO.

Needless to say, the Internet lit up with the news. And like clockwork, the hype machine started cranking.

If you’re cynical, you’re not alone. Anyone remember Facebook (Nasdaq: FB)?

When the stock went public on May 18, 2012, it opened at $42.05. Giddy investors who piled in then saw shares slump to under $20 just three months later.

Only in the past couple of weeks has the stock returned to its IPO level. (more)

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