Seeking Alpha

LinkedIn slumps following downbeat ITG note

  • 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.
Comments (2)
  • Mark Krieger
    , contributor
    Comments (3798) | Send Message
     
    resist trying to catch a falling knife. Selloffs of these magnitudes, usually intensify and last much longer than anyone ever expects.
    18 Dec 2013, 10:54 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (3798) | Send Message
     
    what a beating behind the woodshed
    18 Dec 2013, 11:15 AM Reply Like
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