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Viadeo Peter Crosby On Why LinkedIn IPO Is Good For All Social Networks | Business | Sky News

Image representing LinkedIn as depicted in Cru...

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When LinkedIn raised its projected IPO target this week by as much as 30% it also raised a few eyebrows. The social network expects to raise approximately $400m £240m and is being watched closely by other social media firms including us to see how the markets react. The initial valuation seems high to those without the inside track. This inevitably prompts questions: Is this a bubble? Will it burst? Will it damage future social media deals?

via Viadeo Peter Crosby On Why LinkedIn IPO Is Good For All Social Networks | Business | Sky News.

Strange Random Stock Market Quote:

“The problem is that the stock market tends to predict downturns or upturns too early. The common joke is that the stock market predicted 11 out of the last 9 recessions.” – Sung Won Sohn

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