![]() Rather, it looks a lot like this decade's (owned by Monster Worldwide (MWW), formerly TMP Worldwide). That last statistic tells you all you need to know about LinkedIn - it's a nice company that performs a useful service for jobseekers, but it's not a spectacular business. This company is working very hard, on very thin margins, to make its money. The company made only a $2 million profit on $93 million in revenue. LinkedIn's sales and marketing costs - the company's biggest operating expense - went up 2.8 times. While revenues rose by a factor of 2.1 in Q1 2011, operating expenses increased at a faster rate - 2.3 times.Rather, he is rewarded on mushy metrics such as making the board feel good about itself. He will not be rewarded for increasing shareholder value. CEO Weiner's compensation package contains no equity incentives.When it filed for its IPO, however, it turned out that the company made a $328,000 profit in 2007 but was essentially a money loser until 2010. Since 2007, founder Reid Hoffman and CEO Jeff Weiner have alternately claimed the company was profitable. Management has not previously told the truth about LinkedIn's profitability.The Class B stock - owned by the founders, naturally - control 99.1 percent of LinkedIn's voting authority. Class A shares - the ones at $100 on the ticker - carry less than 1 percent of the voting power of the company. LinkedIn has a dual class stock structure. The new shareholders do not, in fact, "own" the company.Jim Cramer is absolutely right about this - it's an ethically dubious way to float a company. When the rest of those shares hit the market the existing stock will be diluted - and the price will fall. LinkedIn has only sold 5.3 percent of its outstanding shares.And they all say something about how well the company is managed: Here are my takeaways from a great 2021 book about the global economic system, 'Gold Matters' by Egon von Greyerz and Matthew Piepenburg. These then recovered as 12.9 million shares of stock were sold. It began on October 24, 1929, which is now called Black Thursday. There are five reasons LNKD holders should sell right now before the shares crash. The stock market will crash soon and inevitably. The stock market crash of 1929 kicked off the Great Depression. The career networking site now has a market cap of $9.5 billion, larger than Chipotle (CMG) or Tiffany (TIF), which - just to emphasize - sell food and gold. Febru> Life LinkedIn may have lost half of its market value during its most brutal week as a publicly traded company, but it's still the same business as before. LinkedIn (LNKD) shares stayed around $100 for a second straight day even though no sensible person believes the company is worth that much. We study the price dynamics of 24 publicly traded companies in the New York Stock Exchange (NYSE) during the years 1926-1933 using data from the Wharton. ![]()
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