They’re not Facebook, but social media stocks run up anyway

NEW YORK: The hype over Facebook’s initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs.

Trading volume and options activity in stocks like Renren Inc, often called “the Facebook of China” and Quepasa Corp, a social media technology company focused on Latin audiences, have soared since the IPO news of the world’s largest social network on Friday.