Raise your hand if you’re glad you didn’t buy into the Facebook IPO hype a few weeks back . . . (raising MY hand!)
Came across some interesting news today: Facebook’s opening IPO price was $38; presently, it’s priced at $29. That’s a 24% decrease in about three weeks’ time.
In comparison, LinkedIn – the professional’s version of Facebook – launched a day prior to Facebook, opening with a price of $45, and right now is listed at $100, a 137% increase over this time.
Experts suggest that LinkedIn’s success has to do with the fact that they have better performing ads (thus a way to generate revenue), sound subscription numbers, and a tested / proven management team in place.
What does everyone else think? Are there any other reasons why LinkedIn is doing so much better than Facebook on the stock market?