Well all this updating, linking, poking, tweeting, sharing, posting, and friending my pay off for some lucky investors. Social media may be the new upswing in the economy.
LinkedIn, a professionals social media, went public on the New York Stock Exchange yesterday as "LNKD" and sold shares starting at $45 apiece selling 4,827,804 shares from the corporation and 3,012,196 shares from selling stock holders. Today that makes LinkedIn worth $4.3 billion. Yes, with a B. And other social networking companies are looking to follow such as Facebook and Groupon.
Lots of people are saying this could be the beginning of another "dot come era" or bubble like back in the '90s and venture capitalists are excited to start backing well-established companies and start making some money.