LinkedIn Breaks Anti-Social Trend
- Thursday, October 30, 2014, 15:51
- Market
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On Monday Twitter reported slowing user growth setting up that stock to open down 13% the following day. Tuesday Facebook told investors that its costs will rise between 50% and 70% next year — shares opened down 6.6% Wednesday. Initially its seemed LinkedIn would complete the crummy social earnings trifecta as the stock tumbled as much as 7% following its after-hours release Thursday. But about 45 minutes after the closing bell the stock was up more than 2.5% to around $208.50.
http://www.forbes.com/sites/samanthasharf/2014/10/30/linkedin-breaks-negative-social-earnings-trend-stock-pops-after-report/