Tuesday, May 10, 2011

Thus Far RenRen (RENN) a Bust

So far, RenRen (RENN) i.e. "the Chinese Facebook" (but not really) has been a bust for anyone but the insiders (including the newest Chinese billionaire) and the big institutions who were handed shares they could dump to the retail class on IPO day.  It seems some of the bad press and ungodly valuation matters here, unlike with Youku.com (YOKU).  At this time the stock is threatening to break the IPO price of $14.

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