Tag: LinkedIn share price

LinkedIn lofty valuation no longer justified

LinkedIn lofty valuation no longer justified

Written by on February 5, 2016 in News with 0 Comments

(Reuters) – LinkedIn Corp’s shares plunged about 35 percent on Friday, wiping out nearly $9 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The stock sank to a three-year low of $124.51 in early trading, registering its sharpest decline since […]

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