The social network shares received an incredible acceptance, doubling their price, on its debut in the stock market. This has raised rumors about a possible new technological bubble.
However, we must not mistake social networks, with hardly any set income, with more ?traditional? technologies that have a long share of benefits and cash.
LinkedIn?s offices in Mountain View, California, are located literally a 15-minute walk from the headquarters of technology mogul Google. A coincidence? Maybe, maybe not, this is just another example of the battle in Silicon Valley?s basement, where social networks such as Facebook and Twitter try to corner traditional technology companies.
This was a clear fact in the launch party of the latest professional contacts social network- LinkedIn. Bottom line is LinkedIn has become the chicken of the golden eggs during its first round of negotiations. The company?s starting price of 45 dollars started a jaw-dropping chain among New York traders, after doubling its price in a matter of seconds.
Comparisons were immediate. LinkedIn instantly became Internet?s 5th largest Initial Public Offering (IPO) with a collection of 352.8 million dollars. Google had only preceded this in 2004 after the jam of dotcom over a decade ago.
