LinkedIn’s worth sinks by nearly $3 billion
But it’s still valued at roughly $8 billion—or about 22 times its 2011 revenue. Sound like a new bubble to anyone else?
However, on Monday “shares fell $4.79 to $88.30 at 4 p.m. on the New York Stock Exchange,” according to Bloomberg. By Tuesday’s close, they had climbed 8 percent to $95.45—still well below last week’s high.
In its report, Bloomberg also noted:
“LinkedIn, the first major U.S. social-media company to go public, has a market value of $8.4 billion, or about 22 times 2011 revenue, assuming first-quarter sales are matched the rest of the year.”
Hold on—22 times revenue?
Is this a replay of the infamous Dotcom Bubble?
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