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You really think LNKD is hyped? They make money, and lots of it. They're one of the few companies in the valley that have a solid business plan and footing.
by fourstar 11y ago
You really think LNKD is hyped? They make money, and lots of it. They're one of the few companies in the valley that have a solid business plan and footing.
- MichaelGG 11y agoHmm? Google Finance says they made about $31M last year.
- notahacker 11y agoThe article we're responding to references the $43M they lost this quarter Having missed their last forecast, they're now forecasting earnings of $1.90 per share this year. They'll need to keep that rate of making money up for another ~130 years to justify their post-slide share price even at a zero discount rate. To put things into perspective, 130 years ago, electric light bulbs were a novelty. As you hinted, they're far more aggressive than most companies in the Valley about actually trying to make money, but that just underlines how hideously overvalued they are.