You're watching...

Social Media Stock Slide Hurting Amazon

Details

This transcript is automatically generated

I'm Robert -- -- your Fox Business brief.

The Wall Street rally continues for a second straight day with a blue -- trading above the thirteen thousand mark for the first time since name.

But a slide in social media stocks is -- Amazon dot coms investment in living social.

The Wall Street Journal reporting about you don't 3934.

And a half million bucks.

That's nearly a quarter below its initial value.

Living social a -- -- -- -- first quarter net loss of 98 million bucks.

And the number of people renouncing their US citizenship.

Fell sharply in the second quarter vs the same time a year ago.

-- a 190 what does include FaceBook founder Eduardo sovereign and Grammy nominated songwriter Denise Eisenberg rich.

The list includes permanent residents to turn in -- green cards and those who renounce their US citizenship.

That has -- -- in the Fox Business Network --