What is LikedIn, I see them long ago but never really find why is it there. From wiki,
LinkedIn (pronounced /ˌlɪŋkt.ˈɪn/) is a business-oriented social networking site. Founded in December 2002 and launched in May 2003, it is mainly used for professional networking. As of 22 March 2011, LinkedIn reports more than 100 million registered users, spanning more than 200 countries and territories worldwide.The site is available in English, French, German, Italian, Portuguese and Spanish. Quantcast reports Linkedin has 21.4 million monthly unique U.S. visitors and 47.6 million globally.
That might makes sense why is available in the internet world. There is something so surprise happen yesterday ( 19 May 2011). It first initial public offering (IPO) was a huge success. For just one day, the IPO has nominated millionaires and one billionaire to the family of oh-so-fast-getting-rich gang.
courtesy of Yahoo finace
Buyers crowded the floor of the New York Stock Exchange, and financial news networks flashed LinkedIn’s stock price urgently all day. By the closing bell, the company had a market value of $9 billion, the highest for any Internet company since Google had its initial public offering seven years ago. Millionaires and even one billionaire were made, at least on paper.
The stock, issued at $45, went as high as $122.70 just before noon and closed at $94.25 on a trading volume of 30 million shares. All this for a company that skeptics say amounts to an online Rolodex, a place on the Internet for professionals to post resumes and connect with one another and potential employers.
It was enough to remind some people on Wall Street of the heady late 1990s and the debuts of companies like Netscape Communications — and, more infamously, long-forgotten names like Pets.com and Webvan. Investors wondered whether LinkedIn will be a precursor to another financial frenzy in Silicon Valley.
