Saturday, July 09, 2011

Does LinkedIn Indicate a Social Networking Bubble? - NYTimes.com

A stark assessment of LinkedIn and related market speculation

After living through two destructive financial bubbles in the last decade, what explains the frenzy? LinkedIn, the professional networking concern, rekindled memories of the late-’90s technology boom and bust when its stock leaped from the offering price of $45 to $122.70 a share on its first day of trading on May 19. “Our mission is to connect the world’s professionals to make them more productive and successful,” its prospectus proclaims. “Our vision is to create economic opportunity for every professional in the world. ...We believe we are transforming the way people work by connecting talent with opportunity at massive scale.”

Does LinkedIn Indicate a Social Networking Bubble? - NYTimes.com

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