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Latest Linkedin Corp. Items
Business social network LinkedIn and online dating service eHarmony said Wednesday that some of their users' passwords were stolen and millions appear to have been leaked onto the Internet.
The lukewarm response to Facebook Inc.'s initial public offering sent shares of other social-media companies tumbling Friday.
LinkedIn Corp. said Thursday that its first-quarter profit more than doubled, and the business networking company is buying presentation sharing website SlideShare for $118.8 million.
A better economic outlook and rising stock market are heating up the market for initial public stock offerings this spring, just weeks before Facebook's highly anticipated IPO.
The IPO market is heating up. A growing economy and rising stock market are prompting more startups to go public, and investors appear hungry to invest.
LinkedIn reported a strong fourth quarter as the online professional-networking service added 14 million members. Its net income and revenue beat Wall Street's expectations.
LinkedIn provided further evidence of online networking's popularity and moneymaking potential with a fourth-quarter performance that got a glowing review on Wall Street.
LinkedIn has priced a secondary offering of 8.8 million shares at $71 apiece.
LinkedIn Corp.'s employees and early backers plan to sell more than 6.7 million shares as they try to reap the gains from a rapid run-up in the online professional networking service's market value.