Renren (NYSE: RENN) shares rise on strong results

Palm Beach, FL 5/15/12 (StreetBeat) -- Renren Inc's (NYSE: RENN) shares rose 11 percent after the Chinese social networking site posted quarterly results ahead of analysts' estimates, boosted by revenue from gaming services.

Renren said its revenue from gaming rose 91 percent in the quarter to $17.5 million, as the company's recently launched games and mobile gaming gained popularity.

On Monday, the company, known as China's Facebook, said revenue rose 56 percent in the first quarter to $32.1 million.

Renren shares were up 11 percent in morning trade on Tuesday at $6.07. They closed at $5.49 on Monday on the New York Stock Exchange.

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YouWho? Chinese online video companies merge

Orlando, FL 3/12/12 (StreetBeat) -- Two Chinese online video companies agreed to merge Monday in an all-stock deal that will create a major new player in the rapidly growing market.

Under the terms of the deal, Tudou Holdings Ltd. (Nasdaq: TUDO) shareholders will receive 7.2 Class A shares for each Tudou share. Investors who own U.S.-listed shares of Tudou will be offered 1.6 shares of Youku Inc. (NYSE: YOKU), according to a joint statement.

The combined company will be called Youku Tudou Inc., which Youku CEO Victor Koo says will become "one of the largest Internet properties in China."

Tudou's American Depository Shares, which trade on the Nasdaq, surged 156% in early trading. Youku's U.S. shares jumped 24% on the New York Stock Exchange.

The YouTube of China is more than just cat videos

Often referred to as the YouTube of China, Youku is China's leading Internet television company. Tudou was founded in 2005 as the first user-generated content video sharing website in China.

The news also boosted shares of other Chinese Internet companies.

Shares of Renren (NYSE: RENN), a social networking site known as the Facebook of China, rose 8% in early trading.

SINA Corp., (Nasdaq: SINA) the parent company of Weibo -- China's version of Twitter -- also gained. Shares were up 4%.

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Social Networking Stocks Continue Run with Facebook Frenzy; FFN, GRPN, LNKD, RENN

Northern, WI 2/3/12 (StreetBeat) - www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stocks for the morning of February 3rd as the Facebook IPO frenzy continues to drive the sector. Tech stocks were strong in yesterday’s session, with significant gains in the Social Media/Networking stocks.

Facebook’s pending $5 Billion IPO has investors buying into the sector ahead of its market debut expected in May. Most retail investors know the chance of participating in the IPO are slim and none so they are entering the game with some of the other well known players in the space.

Social Networking stocks Snapshot Trading February 3rd

FriendFinder Networks Inc. (NasdaqGM: FFN ) is becoming a best friend to investors this week, trading up again this morning, at 1.3950, up 0.0650(4.89%) 9:54AM EST with a high of $1.47

Groupon, Inc. (NASDAQ: GRPN) is trading up at $23.79, up 0.71(3.07%)

Linkedin Corporation (NYSE:LNKD) is moving up, trading at $79.93, up 2.95(3.83%)

Renren Inc. (NYSE: RENN ) is gaining in morning trading, at $5.66, up 0.24(4.43%) 9:58AM EST

SINA Corporation (NASDAQ:SINA) is trading at$76.26, up 0.96(1.27%)

Zynga Inc. (NASDAQ: ZNGA) is running, trading at$13.24, up 0.85(6.90%)

Read the entire S1IPO filing for Facebook: http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm

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Is Social Media Really an Asset Class?

Swan Lake, MS 11/22/2011 (StreetBeat) – It's amazing how quickly Wall Street can throw together an exchange-traded fund. Last week, Global X launched the Social Media Index (SOCL) ETF, which began trading Tuesday, although on very low volume.

That this ETF is coming from a company with "global" in its name is fitting: After all, the index would be sparse if it only comprised U.S.-based social media companies. Only a handful of such operators have gone public over the past year, such as Groupon (GRPN), Pandora (P) and LinkedIn(LNKD).

But more than one-third of the ETF's portfolio includes Chinese-based operators. Some include Tencent Holdings and Sina(SINA).

While social media is a global phenomenon, the Chinese market has seen several IPO disasters, such as Renren(RENN). A big reason has been intense competition, but there also have been questions about accounting.

As other top social media companies come public -- like Twitter, Zynga and Facebook -- Global X will likely include them in the index. But this will be done after the IPO. In other words, investors of the ETF won't get the first-day "pop."

There seems to be little doubt that social media will continue to grow. But is it really an asset class? Probably not. Besides, as seen with implosions of companies like MySpace, the risks are certainly great.

Social media should be a small part of a person's portfolio as an opportunity to juice things up -- but it should be done with lots of caution.

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