Saturday September 26, 2020

LinkedIn shares fall on 3rd quarter loss

Professional-networking website, LinkedIn saw its share price drop the most it had in three months after reporting a third-quarter loss and announcing a $500 million stock sale.

4th November, 2011

Professional-networking website, LinkedIn saw its share price drop the most it had in three months after reporting a third-quarter loss and announcing a $500 million (€363 million) stock sale.

The shares declined as much as 11 per cent in New York today. LinkedIn had surged 94 per cent since its initial public offering on May 18th, according to Bloomberg.

LinkedIn is increasing spending on research, sales and marketing, and office expansions to boost its global presence and attract...

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