May 19, 2011

youngmanhattanite:

soupsoup:

“… a substantial majority of our members do not visit our website on a monthly basis, and a substantial majority of our page views are generated by a minority of our members.”

LinkedIn’s IPO document

I was wondering about this, because does anyone know anyone who’s actually made connections they didn’t already have and/or gotten a job due to LinkedIn? I mean, sure, we all have profiles on there, but that’s mostly a formality. Is the stellar IPO because it’s the first social media company out of the IPO gate?

Yes. Also they severely limited the number of shares up for grabs in order to incite a stampede. It could’ve done well with more loose stock in the mix, but not, like, a-109%-jump well. Anyway, I’d hold out for Zynga, the makers of digital crack cocaine. Because there’s nothing funnier than the idea of actually investing in FarmVille.