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>LinkedIn generated $3.4 million in profit last year. Using adjusted earnings, which accounts for items like stock-based compensation, it reported nearly $48 mi
by tatsuke95 15y ago
>LinkedIn generated $3.4 million in profit last year. Using adjusted earnings, which accounts for items like stock-based compensation, it reported nearly $48 million.
I think this quote nails the difference between this bubble, and that of 2000: A decade ago, companies were going public with absolutely no profits (or even revenue). This time, some companies are actually making a bit of money, but it's over estimated and somehow being used to justify multi-billion dollar valuations.