NYSE Website Experiences Downtime

The website of the New York Stock Exchange (NYSE) experienced a 30-minute downtime on Monday, Keynote Systems has reported.

The New York Stock Exchange site experienced a 30-minute downtime on Monday, Keynote Systems has revealed. Image: ian murchison / Flickr (CC)

The news comes after hackers said they would target the NYSE site on Monday.
According to Keynote Systems, a California-based web monitoring company which has been observing the NYSE site, the website became unavailable during a …

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 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 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 …

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 …

LinkedIn expects $146m from IPO

Professional networking website LinkedIn, which will list its initial public offering on the New York Stock Exchange under the symbol LNKD, expects to raise $146.6 million for shares priced at between $32 and $35.  LinkedIn filed their S-1, the registration statement required by the Securities Act of 1933, with the Securities and Exchange Commission (SEC) in January.  The company will offer $175 million in shares.

A new filing LinkedIn submitted to the SEC shows that there are now …

LinkedIn revenue surges 110pc

Professional networking website LinkedIn reported in its filing with the Securities and Exchange Commission this week that its revenue increased 110 percent in the first three months of 2011.
 
LinkedIn is a private company but announced in January it will make an initial public offering, now expected to take place in the last half of this year.  LinkedIn filed documents on January 27th in preparation for its listing, which will be made on the NYSE, and this Wednesday updated its filing …

LinkedIn chooses New York Stock Exchange

LinkedIn, the world’s biggest professional networking website, which said in January it would raise up to $175 million in its initial public offering, today submitted a filing with the U.S. Securities and Exchange Commission (SEC) to list on the New York Stock Exchange (NYSE) instead of the Nasdaq Stock Market, which has in the past been the exchange most often used by technology companies.  LinkedIn will list its shares under the symbol LNKD.

The top technology companies like Intel Corp., …