- ITG Research, which only last month reported LinkedIn's (LNKD -5.2%) Q4 was tracking well above consensus, now says checks indicate the business social networking leader has seen "unexpected deceleration in order volume."
- LinkedIn has already provided subdued guidance the last two quarters. Though the company's recruiting/jobs and subscription sales have remained strong, its ad sales have been pressured by a transition to selling news feed ads.
- Shares are still up 85% YTD, but down 18% from their September 12 high.
LinkedIn slumps following downbeat ITG note
Dec 18 2013, 10:51 ET