At first glance, LinkedIn’s second quarter results, released Thursday after the close of markets, looked stellar. After lowering its forecasts earlier in the year, reorganizing its sales unit and trying new advertising strategies, the Mountain View, Calif.-based company beat revenue and earnings expectations and raised its forecast for the remainder of the year. Shares shot up as much as 15% in after-hours trading. But investors’ enthusiasm didn’t last.
Why did investor’s mood changed so quickly? Here are four reasons:..
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Forbes Real Time by Kathleen Chaykowski
World’s leading business networking service LinkedIn lost
a quarter of its value after company reported poor revenue forecast.
LinkedIn announced the current quarter’s sales to go down $45 million
than the More…
LinkedIn acquires the online training site Lynda.com, for $1.5 billion,
52 percent in cash and 48 percent in stock, would be the Linkdin network’s
largest acquisition to date. Lynda.com offers 6, 300 More…
LinkedIn Founder and CEO Reid Hoffman said in Davos that his hopes
are resting on the Bitcoin this year, although he admitted that the digital
currency faces serious challenges. “Bitcoin will either be a total More…
With China rated recently as the world’s fastest growing economy,
there is no doubt many companies want the piece of the pie. However,
as Google, which has been banned in China, and Facebook and Twitter, More…
David Einhorn , manager of Greenlight Capital, known for his short-selling
strategies, is rumored to have LinkedIn (LNKD) as his next target. In a letter to
investors in July, Einhorn wrote, “There More…
– LinkedIn will pay $6 million to settle an overtime pay lawsuit filed by the
Labor Department, LawyersandSettlements.com reports. The suit alleged that
LinkedIn violated overtime laws in the Fair Labor Standards More…
– LinkedIn was fined $6 million for its neglect of overtime pay, and is
required to compensate 359 workers $3.3 million in lost wages and damages.
LinkedIn, the premiere online resource for professional job More…
– Weiner, CEO of LinkedIn Corp recently announced the company’s
decision to further dilute their Class A common stock holdings by $1 billion,
causing industry speculation that the plan to increase their product More…
