August 5, 2011 in Daily Bulletin
Popular business social networking site LinkedIn saw a 120% rise in revenue in the first report it has released as a publicly traded company. Despite this its shares have fallen in value from $100 a share at launch to about $95 now. Analysts still think that that there is a potential social networking bubble in the stock markets. Read more about why, despite this success, LinkedIn still won’t be making a profit over here.
Source: BBC News