Tuesday, 15 July 2014

Federal Reserve warns of overvalued social media stocks



The US Federal Reserve has warned of "stretched valuations" in social media and biotechnology firms as part of chair Janet Yellen's semi-annual report in front of Congress. The warning sent US indexes down, with shares of social media firms such as Yelp plunging. via Pocket http://ift.tt/U7iUFR

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