News LinkedIn valued at nearly $9billion

LinkedIn share prices rise by 171 per cent in first day on the stock market.

http://www.bit-tech.net/news/bits/2011/05/20/linkedin-valued-at-nearly-9billion/1

 

Another example of the ridiculous "web 2.0" bubble, its going to burst soon, mark my words

 

Looking at the pictures on the TV yesterday at all the moronic dealers 'whooping and cheering' at the share price rising, you really got a sense of deja vu.

..people will just go on making the same mistakes as before..., all it takes is time to pass and memories to fade, and the greed to kick in once more, and the crash to come.

Depressing really....

 

Agree with bursting-bubble coming. Just hope pension funds keep their snouts out.

 

What a complete joke this is... They made less than $20m last year and are slated for a loss... Where on earth do they think revenue that justifies a $9bn valuation comes from?

Idiots.

 

I assume you mean 'trippled'? .. unless this is some other Britishism that I'm unaware of ^_^

 

Trebled is the correct word, in English. http://www.merriam-webster.com/dictionary/trebled

Tripled (only one 'p') means the same thing.

 

I assume you mean 'tripled'? Trebled is an equally valid expression - just look it up

LinkedIn is an oddball in that business/investor types are it's main user base, and as such they are the most likely to be over-enthusiastic. At the same time it is the investors themselves using the website that gives it its value!

 

linked in is actually a site that worked its way to fame, I dont remember it getting any real media attention when it was launched or made by some college student that made it popular around a university.

 

Sounds like a case of people desperate to get in on the success of facebook by buying into the first available alternative.

How often has the internet shown that a desperately fashionable site can die very quickly as soon as the next big (shiny) thing comes? What happened to blogging? Or Friends Reuinited? There was a time when both were the height of fashion. Now they are almost niche.

If you ask me the current social networking sites are very over-valued.

 

LInkedin is a different animal to the usual 'social' network sites. Yes, it has a facebook-esque appearance and feel to it, but the users are not there to have a huge friends list for social reasons or to show your latest party antics to the world.

It's primary function is to network business and professional people together and provide a forum for the interchange of ideas and business. Linking to people on it is pretty well policed, you can't just link to anyone without showing an existing or previous connection.

You don't get all the business to public crap either. The only 'spam' you may get is from other businesses providing a service specific to your business or profession. It is rare and tbh not always unwelcome, in business ideas and options are always welcome.

 

short, at the end of Q4

 

Maybe has a high stock value due to it's freedom to operate in China. China right now is the best place to invest as it's growing super fast. So a business specific "kinda like Facebook" site sounds good.

in 5 years it will sink like the Titanic. I suggest the owner just sell it now and live happily ever after.

 

A friend of mine is working there. I'm sure he's very happy!

 

People starting to cash-in apparently. 8.68% down. Over $320milion dropped off it's value.