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.

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Comments (2)
  • Mark Krieger
    , contributor
    Comments (6130) | 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 (6130) | Send Message
     
    what a beating behind the woodshed
    18 Dec 2013, 11:15 AM Reply Like
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