In addition to mobile apps, LinkedIn has recently changed up their groups product and added LinkedIn Today, a social news service for professionals to keep track of business-related topics.
UBS says the company has a massive, disruptive business model with accelerating growth, as revenue grew 110% year-over-year in the first quarter and the company passed 100 million users.
LinkedIn is trading up over 9% in early trade today at $83.53 per share.
Experts say Groupon Inc. will not have its IPO ready for public trade until late summer or maybe even the fall. Groupon w ants to get IPO underway with the sudden surge of Internet firms debuting within the last few weeks, like Li
The price gives the company a whopping valuation of $8.91 billion, for a company that had a net income of just $15 million in 2010, on revenues of $243 million. That was up 102% from the $120 million in total revenue reported for
The bookrunning managers of the offering were Morgan Stanley (NYSE:MS), Bank of America's (NYSE:BAC) Merrill Lynch, and J.P. Morgan (NYSE:JPM).
LinkedIn Corporation (NYSE:LNKD) closed its first day of trading yesterday up 109% over its $45 per share IPO price, closing at $94.25 per share. The stock traded as high as $122.70 intra-day.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...