Overall returns higher than expected
Unexpected fourth quarter drop urges company to move stock
In a move that many people are still digesting LinkedIn is selling 100 million in stock. The company, which went public in May, doubled their revenue projections but encountered a slight fourth quarter drop that has top analysts concerned. The company is down 8% in after hours trading after making this announcement.
Evercore Analyst Ken Sena states “the professional networking company’s outlook is too conservative“. Sena feels there are no surprises here. The company went public in May and it was a foregone conclusion that the stock would do well. While LinkedIn doubled their projections for the year, their company has taken a conservative approach to the issues at hand.
The promise of the LinkedIn influence on the job market is discussed in some detail. Launched as a social network for professionals, the site has grown to huge proportions. The potential for growth in the job market is amazing. Sena points out that one of the strengths of LinkedIn is that it took a large share of the employment market from individual recruiters. Individuals can now utilize LinkedIn to grow their own network. Personally, I was amazed to see the professional careers of friends I had encountered in places like Twitter and Facebook. The potential for networking and increasing your penetration in the job market is probably one of the great features of this system.
The following video is brought to us courtesy of Reuters News.
Here is what LinkedIn has to say about itself from the LinkedIn Learning Center page.
LinkedIn is the world’s largest professional network with over 120 million members and growing rapidly. LinkedIn connects you to your trusted contacts and helps you exchange knowledge, ideas, and opportunities with a broader network of professionals.
What is LinkedIn?
Here is a youtube video embedded from the company website that will give you an overview of what LinkedIn is.
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