It seems I was too optimistic about RenRen (See my old post). Today's RENN stock price is around $6.10 and it seems to losing traction. RenRen is similar to USA's Facebook but for China. Also, RenRen offers youtube-like video website and Groupon-like group deal site.
I am still positive for RenRen position but I hope the stock price does not go further down. Facebook is expected to go IPO mid-May and it might get delay since Facebook recently purchased Instgram for $1 billion and this information needs to be updated and review by SEC prior to IPO.
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