Jul 18, 2011

Reality check: LinkedIn gets a downgrade from analyst
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Via Scoop.itinternetbillboards

An analyst with investment bank JP Morgan, which helped underwrite business social network LinkedIn‘s initial public offering, downgraded the stock today and set a price target of $85. Doug Anmuth of JP Morgan said the company’s fundamentals were sound, but it was a little worrisome that it already had a then-valuation of nearly $12 billion. That’s close to Netflix’s $15 billion valuation, a movie rental company that generates $2.4 billion in quarterly revenue — compared to nearly $300 million in revenue for LinkedIn — he said.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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