LinkedIn Rakes in the Money

IPO closes up more than 100 percent

With the stunning success of its initial public offering Thursday, the folks at LinkedIn are suddenly swimming in money. "Each office around the world is having a small celebration," LinkedIn spokeswoman Krista Canfield told Adweek. "In Mountain View this morning at our headquarters we served donuts, smoothies, and coffee."

OK, so not exactly champagne and caviar. But you have to imagine that LinkedIn co-founder Reid Hoffman, who had breakfast at the New York Stock Exchange before this morning’s opening bell, is going to be eating whatever the hell he wants for dinner.

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