Social media stocks rose across the board on Monday after Microsoft announced it will buy LinkedIn.
LinkedIn also led the Global X Social Media Index ETF (SOCL) about 4 percent higher.
Twitter and Yelp were among the top performers in the ETF, as their stocks rose about 8 and 1 percent, respectively. Twitter shares ended the day up nearly 4 percent while Yelp shares reversed and closed down 0.7 percent.
Entering Monday's session, Yelp's stock had fallen nearly 7 percent this year, while Twitter's had fallen more than 39 percent in the same time period.
TWTR (blue) and YELP (green) in 2016Source: FactSet