LinkedIn stock price rises 11pc on bank coverage

The share price for professional networking website LinkedIn jumped an impressive 11 percent after Morgan Stanley, UBS AG, J.P. Morgan and Chase, and Bank of America began covering the stock.  LinkedIn, which staged its IPO just last month saw its share price hit a high of $86.50 during trading today then settled l1 percent higher at $84.69.

linkedin share price morgan stanley

The primary underwriters for LinkedIn – JP Morgan, Bank of America, and Morgan Stanley, all started their …

LinkedIn sets up office in Singapore

Arvind Rajan, LinkedIn’s managing director for Asia Pacific, said the company has opened an office in Singapore and plans to open one in Japan as part of efforts to expand its presence in the region.

Rajan said: “We chose Singapore’s location for a few reasons. One, because it’s the regional hub for so many multi-national companies, many of whom are already our customers on a global basis.”
 
Mr. Rajan said LinkedIn has a “significant presence” in Australia already and its …

LinkedIn Explores China

“We are quite intrigued by opportunities in China. At the same time, we want to be quite cautious with how we approach the market”, said LinkedIn vice president Arvind Rajan, at the CHINICT Tech conference in Beijing on Thursday.

Rajan said more than one million of LinkedIn’s one hundred million members are in China, although the website is still not available in Chinese language, and the professional networking site, which made headlines this week with a spectacular debut on the New …

LinkedIn cookie lifespan cut to 3 months

Professional networking website LinkedIn, following a report this week of a security problem caused by the 12 month lifespan of its access login token cookie, reduced the lifespan of the “LEO_AUTH_TOKEN cookie file and also expanded its SSL support for the website.

LinkedIn advised in a statement that regardless of what website one is using, it is always better to use VPNs or trusted and secure Wi-Fi networks and if that is not available use SSL to log in or for viewing other sensitive web …

LinkedIn shares drop 8.3 percent

LinkedIn’s euphoric debut on the New York Stock Exchange last Thursday was tempered with a sobering adjustment in trading yesterday, with share price falling up to ten per cent at one point, then settling 8.3 percent or $7.74 lower at $85.35.

The dramatic adjustment in LinkedIn share prices comes as investors take a more practical view of its potential in the long term, and likely signals a period of wild ups and downs over the next few months.  LinkedIn shares sold for more than double …

LinkedIn security problems revealed after NYSE trading debut

Several days after LinkedIn began trading under the symbol LNKD on the New York Stock Exchange (NYSE) news reports appears describing security problems that make it possible for hackers to break into users’ accounts without passwords.

LinkedIn shares more than doubled in its trading debut on Thursday, recalling the heady days of the dotcom 90’s.
 
The security vulnerability was found by Rish Narang and involves a “cookie” file named “Leo_Auth_Token” which LinkedIn’s program …

LinkedIn gets the ‘Next Big Thing’ Treatment

Wall Street gave LinkedIn a generous “Next Big Thing” greeting for its debut on the New York Stock Exchange Thursday, although trading on Friday calmed down somewhat, after surging 109% from its initial price of $45 per share.

LinkedIn stock on Friday fell 1.2% to $93.09, and volume also dropped substantially, from 30.1 million shares trading hands on Thursday to 8.56 million shares.  Share price reached a high of $107 early in the day, then dropped off, continuing Thursday’s …

LinkedIn founder joins billionaire’s club

LinkedIn founder Reid Hoffman became the latest tech billionaire this week when the company launched its IPO, listing shares on the New York Stock Exchange initially for between $42 and $45, quickly selling more than 7 million shares.  Jeffrey Weiner, CEO of the professional networking website who joined the company in 2009, is now worth over $200 million.

This new surge of wealth creation from social media companies recalls the heady days of the internet crazy 1990’s and the hangover of …

LinkedIn shares fly off the shelf at $45 a pop

Professional networking website LinkedIn, which began trading on the New York Stock Exchange on Thursday under the symbol LNKD, has already sold 7.84 million shares for $45 each. The share price was originally expected to be between $32 and $35, but LinkedIn on Wednesday raised it to between $42 and $45.

The higher price and demand shows investors are optimistic about LinkedIn’s potential for bringing together job hunters and employers, and is a good sign for other social networking …

Investors ready for LinkedIn debut on NYSE

Investors will get their first opportunity to get a piece of the social networking pie when LinkedIn begins trading on the New York Stock Exchange (NYSE) this Thursday under the symbol LNKD.

LinkedIn does not have nearly the popularity of the other much talked about social networking website Facebook which now boasts 600 million members, but it does have 100 million members, is known as THE professional networking website to go to for job hunting and recruiting, and has been getting more …