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Monday 21.08.2017 | Name days: Linda, Janīna

Opinion: 5 tech stocks you should have bought instead of Facebook

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Author: REUTERS/SCANPIX

Facebook’s intensely hyped initial public offering one year ago today was supposed to be a triumphant moment for Silicon Valley and Wall Street. After years of buildup and a valuation that had ballooned to $100 billion, ordinary investors would finally get the chance to own a slice of the hottest tech company on the planet.

In the weeks leading up to the IPO, many tech experts — including some of the most prominent venture capitalists in the country — repeatedly insisted that once public, Facebook’s stock price would soar beyond the $38 per share offering price.

Facebook’s IPO was a disaster for regular investors. After going public at $38 per share, Facebook’s stock price quickly rose to $45 before plunging to $20. One year later, Facebook shares remain 30% below the offering price, and the company is still dealing with the fallout, including lawsuits from irate investors who feel they were duped.

Hindsight is 20/20, of course, but one year after Facebook’s IPO, here are five technology stocks that investors would have been better off buying, according to Time.

Google

Last year at this time, Google’s stock was trading at about $600 per share. As of the close of trading on Friday, Google shares were trading at around $900 per share, a 45% increase.

AOL

Internet pioneer AOL has enjoyed a remarkable renaissance recently. One year ago, the company was trading at about $26 per share. On Friday, AOL’s stock closed above $37 per share, a 42% increase.

eBay

Last year at this time, eBay shares were trading at around $38 per share. Today, those shares are hovering at around $56, a 43% increase.

LinkedIn

Over the past year, LinkedIn shares have enjoyed a whopping 73% increase, driven by its diversified revenue streams, which includes “talent solutions,” a job posting and recruiting product. Last quarter, LinkedIn’s revenue jumped 72% from the previous year.

Yahoo 

One year ago, if someone had predicted that Facebook shares would decline by 30% while Yahoo’s stock price would enjoy a 79% increase, you might have thought they were crazy. But that’s precisely what’s happened, driven in large part by enthusiasm about Yahoo’s still relatively new CEO Marissa Mayer. Last quarter, Yahoo’s profit surged 36%, even as revenue dipped slightly. Like Armstrong at AOL, Mayer still has a long way to go to turn around Yahoo, but so far, Wall Street has been more than pleasantly surprised.

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