Congrats, LinkedIn!

Excellent news today – LinkedIn closed its first day of trading on the NYSE at $93.86 per share. Although priced at $45 per share, trading opened 84% higher at $83 a share and fluctuated during the day before giving the company a closing valuation of just under $9 billion.  Always the unsexy Web
2.0 network, Reid Hoffman has created an increasingly essential business tool used now by over 100 million people worldwide. And suddenly Reid is the entrepreneur role model from the Valley – and quite right; as TechCrunch observes, LinkedIn “represents one of the few large-scale working examples of a freemium business model”.

Advertisements

About mikewpaice

Freelance writer and researcher.
This entry was posted in Random and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s