I’m starting to think holding on my TWTR short forever would have been a better idea. I covered it a couple of days ago at a profit, thinking it would bounce back to its neckline (at about $50). Instead, the stock has continued to sink, and frankly, I consider the company utterly laughable, so I wouldn’t be surprised to see it in the teens before 2015 is over.
In any case, the two stocks below – LinkedIn and Twitter – remain the dogs of the social media world (at least as far as their equities go). Facebook is cheerfully buying up virtual reality goggles (for billions) with their monopoly money, but at least FB has, on the whole, been a stellar performer. Here are the sinking stinkers: