Remember the "Facebook of China" Renren (RENN) and the "Youtube of China" Youku.com (YOKU)? While I lambasted both for valuation reasons (Renren also had a bunch of other red flags) [May 2, 2011: RenRen IPO Appetite Seen as Huge, but Red Flags Abound] , the Wall Street hype around these names was quite sickening. Once the machine dropped the stock in the hands of the retail base, the true colors have come to light. Fugly charts.
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Thursday, November 17, 2011
Youku.com (YOKU) and Renren (RENN) - Both Disasters Post IPO
Posted by
Mark
at
2:00 PM
Youku.com (YOKU) and Renren (RENN) - Both Disasters Post IPO
2011-11-17T14:00:00-05:00
Mark
RenRen|
Youku.com|
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Youku.com (YOKU) and Renren (RENN) - Both Disasters Post IPO
2011-11-17T14:00:00-05:00
Mark
RenRen|Youku.com|
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