May 2011 article in The Economist – Internet companies are booming again. Does that mean it is time to buy or to sell?
With the debut of LinkedIn on the stock market yesterday (20 May), this brief on the Internet’s next wave is apropos. LinkedIn’s IPO was priced at $45 per share, opened at $85 and closed at $94.45 – valuing the company at $8.9 billion. Not bad for a company with $243 million in revenue and $15.4 million in profit last year.
Here we go… Next up, Groupon, Twitter and Facebook.
Read The Economist complete article on Another digital gold rush.
Read The Wall Street Journal article on the IPO.
