Dive summary:
- The third-quarter revenue for Linkedin improved 10% from the second quarter and 81% from the third quarter in 2011.
- Linkedin announced $252 million in revenue during the third quarter.
- Forecasts for 2012 revenue brought in by Linkedin is around $939 to $944 million.
From the article:
LinkedIn has been in the stock market’s good graces ever since its May 2011 initial public offering. While other new web stocks such as Facebook and Zynga have foundered a bit since their IPOs, LinkedIn’s share price has performed well — its stock closed today at $106.85, more than double its $45 IPO price.