LinkedIn Price Doubles in IPO

23 May LinkedIn Price Doubles in IPO

Last week, I wrote about the Bazillion dollar deal with Skype being bought out by Microsoft. Well, this past week, the stock market created another Bazillionaire. LinkedIn, the  professional social network company became a public company and listed their shares on the New York Stock Exchange. Reid Hoffman,  the co-founder is now a Bazillionaire based on the current share price. I remember those good old dot com / technology boom days in the late 90’s where millionaires and billionaires were created overnight. It was an exciting time for me because it was the first time that I experienced such instant wealth through trading. But I have to admit that I was a cocky SOB when I complained to a friend that the stock I bought only doubled in price. I had expected it to at least triple.

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