RenRen shares declining: an omen to a Chinese Internet bubble?
Social networking siteRenren, China’s Facebook clone so to speak, went public last week and it lured investors despite the big risks. In recent news, shares of the social networking site have lost nearly all the gains made since debut, and were trading down 8 percent. According to aReutersreport, RenRen stocks, which surged 24 percent during the first week of its New York Stock Exchange debut at $14, started a series of decline daily beginning May 5 losing 6....