Friday, November 2, 2012

Growing numbers think LinkedIn is a good bet


If you haven't registered on the professional social network LinkedIn yet, now might be a good time to do it.  https://www.linkedin.com/reg/join  Business news reports released yesterday and today say third-quarter profits reported by LinkedIn Corp. are twice as high as analysts had estimated, thanks to growing levels of interest from participants, advertisers, and employers.  Besides increasing its advertising rates and nearly doubling sales from its hiring services, LinkedIn has also become a favourite with investors, according to an early-morning blog post today by ABC News blogger Richard Davies. 

Davies notes LinkedIn’s track record has been an exception among Internet companies that have gone public in recent years, some of which are trading well below their initial public-offering prices (IPO).  By contrast, LinkedIn’s stock price has more than doubled since its May-2011 IPO.

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