LinkedIn has said it does not expect to be profitable in 2011.Īs of March 31, LinkedIn had 1,288 employees and 102 million registered members. The company's 2010 net income attributable to common stockholders was $3.4 million on net revenue of $243.1 million.
Linkedin stock price professional#
But it is largely used for professional rather than social personas, and is basically an online database of electronic resumes. Similar to Facebook, LinkedIn allows users to create profile pages with a photo and details about themselves. Many other sites including Twitter, Facebook and Google don't have a presence in the world's biggest Internet market. LinkedIn is one of few foreign social networking companies that can operate in China, where it has about a million users. LinkedIn's rise was the biggest for a newly public Web stock since shares of Qihoo 360 Technology Co, China's third most-popular Internet company, rose 134 percent in their NYSE debut in March. Shares of LinkedIn, which rose as much as 171 percent in their first day of trade on the New York Stock Exchange, closed at $94.25, more than 109 percent above the $45 IPO price.īankers typically try to price an IPO so that the stock rises about 15 percent on the first day of trading: enough to reward investors who made a bet, but not so much that the company and original shareholders feel they were short-changed. "We recognise that there's potentially a bubble right now," said the employee, who spoke on condition of anonymity. We've been celebrating since then," one LinkedIn employee said in the parking lot of the company's Mountain View, California headquarters. The professional social networking company, which began in one man's living room less than a decade ago, is now worth more than motorcycle maker Harley Davidson Inc and ratings company Moodys Corp. NEW YORK (Reuters) - LinkedIn Corp's shares more than doubled in their public trading debut on Thursday, evoking memories of the investor love affair with Internet stocks during the dot-com boom of the late 1990s.
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