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Linkedin Stocks Up $64

  1. Mikeydoes profile image77
    Mikeydoesposted 6 years ago

    That is huge news for sites and sites like this.

  2. I am DB Cooper profile image68
    I am DB Cooperposted 6 years ago

    Oh no, it's 1998 all over again!

  3. Cagsil profile image60
    Cagsilposted 6 years ago

    Mikey, what symbol is Linkedin trading on?

    Just curious.. smile

    1. Mikeydoes profile image77
      Mikeydoesposted 6 years ago in reply to this

      I'm not sure I was just flipping through the channels.

  4. Cagsil profile image60
    Cagsilposted 6 years ago

    Hey Mikey, it's up presently by $57-$58 and that's because it's a brand new IPO effective today. That's the reason for the spike.

    http://www.cnbc.com/id/43095800

    The above link is a news story about it.

    Edit: The symbol is LNKD

  5. profile image0
    Twenty One Daysposted 6 years ago

    Ray, What prompted the IPO?

    Edit: seems quite a huge open, a remarkable one at that.
    But, as usual, it looks like the big boys got the best chunk, from a $45 in to an $85 cap. Not a bad chunk of change.

    1. Cagsil profile image60
      Cagsilposted 6 years ago in reply to this

      The same thing that prompts all IPOs, revenue generation. wink

      1. profile image0
        Twenty One Daysposted 6 years ago in reply to this

        lol Not what I meant.
        I am wondering what LinkedIn needs the funds for. Their technology is pretty straight forward and honestly not all that advanced -a professional resume slash lead list slash exploratory network slash social network interface. It's a good company, no doubt, but a $300MM IPO. What are they doing, building a space shuttle? jeje.

        James.



        PS, Mike, I Hub Pages gets Venture Cap backing for an IPO, I would definitely mortgage my house to buy a block!

        1. Cagsil profile image60
          Cagsilposted 6 years ago in reply to this

          James, I haven't researched the company itself. I have no idea of their plans for the future. Usually, IPOs are done for only one reason- capital?

          If people(Wall Street) didn't think there was solid ground for the IPO, trust me, it wouldn't move. I've seen other IPOs come looking for capital injections, and actually lose money on the first day it was public.

  6. Peter Owen profile image61
    Peter Owenposted 6 years ago

    This stock will come crashing down in the next several weeks. Not to say it is bad stock, but the action today is ludicrous.

    1. Cagsil profile image60
      Cagsilposted 6 years ago in reply to this

      Actually, I wouldn't go as far as to say that. I've seen IPO and benefited from them too, jump huge and hold their ground. wink

      1. Peter Owen profile image61
        Peter Owenposted 6 years ago in reply to this

        So have I, but LinkIn just doen't have the value to justify the price. What is going on is 1998 dot.com mania.

        1. Cagsil profile image60
          Cagsilposted 6 years ago in reply to this

          hmm

          1. Peter Owen profile image61
            Peter Owenposted 6 years ago in reply to this

            Don't fret - my stock picking prowess ain't that great.

            1. Cagsil profile image60
              Cagsilposted 6 years ago in reply to this

              No worry.

  7. profile image0
    Twenty One Daysposted 6 years ago

    Well, my money is on companies like Hulu. They have a solid company, excellent management team, support of the likes of GE & Disney, etc, not to mention a great product and potential for advancement in technology. Companies like Twitter and LinkedIn just don't seem impressive enough to warrant investment. On the interim, sure a short sale. Long term, not so much.

    James.

    1. I am DB Cooper profile image68
      I am DB Cooperposted 6 years ago in reply to this

      Hulu is a joint venture by several of the top media companies, and it would have never been possible for a private company to start something like that and be successful, because getting the rights to that content would have been way too expensive.

      For sites like LinkedIn the question becomes "how much is information worth?" I would say a LinkedIn profile is worth more on average than a Facebook profile, because that person is generally more valuable to people who might want information about them (potential employers, clients, etc), while a Facebook profile might be for my cat's favorite play toy. That said, I get worried when Wall Street types start trying to put a value on something that isn't a straightforward asset or debit. This is what happened in the late-1990's, when people were throwing around numbers estimating how much 1 million hits on a website is worth, and in the end most of those dot coms went bankrupt because a hit isn't worth a thing if it can't be turned into money. In fact, those hits were often negative value because they ate up bandwidth.

      1. profile image0
        Twenty One Daysposted 6 years ago in reply to this

        Absolutely.
        I think the reality is: an actual technology has value, like a specific programming code, even a CMS, like SquareSpace. Agreed, a visitor to a website can't really valuate the site --unless of course it is ad driven or compiling a database of users and that information used for alternate marketing strategies, as most sites do not actually provide a premium service, based on a technology or product. Correction, SquareSpace, et al, do charge for a service. Sites like Facebook, LinkedIn --even HubPages-- definitely have value, in a secondary marketplace. They are ultimately at the mercy of a primary market: adverts.

        My good buddy Daniel, is a marketing rep for a disgustingly beautiful VC firm in Texas. He has seen well over 50,000 dot com concepts come across his desk (email) in less than five years. Only a handful had genuine market value, above and beyond hits and clicks. If this is any indication of where the next gen market is going, well...

        James.

  8. Mikeydoes profile image77
    Mikeydoesposted 6 years ago

    I signed up there, but it was very cluttered, but not bad.

    There are much better sites that could be made, however that one is not bad at all.

    This just shows that we need to get a team together and make a website that is worth a damn!

 
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