LinkedIn Announces Record Quarter, Stock Jumps 10%
Investors have long had a simple response when it comes to the gargantuan buzz of social networks: where’s the profit? While some investors have been bullish on the potential growth of social businesses, others have questioned whether we’re looking at something similar to the dotcom crash of 1999, where hundreds of small Internet companies went public without profits, rocketed to absurd prices based on speculation alone, then crashed hard.
So when in May of 2011, LinkedIn was the first major American social network to go public, the world was very curious to see what kind of numbers they’d generate, and whether social networks really had the legs to stand in the market.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in