The first of the social networking sites, LinkedIn, began publicly trading today. As of Tuesday, LinkedIn, a professional networking site, had set a target range of $42-$45 a share. At opening this morning, the stock was selling at $80 a share, and has continued to explode to the high of $122.69. The frenzy feels like 1999 to some, the first day opening is the largest the Stock Exchange has seen since the Dot Com Bubble burst in 2000. It is also a sign of what's to come, other social networking sites and internet based companies will begin trading later this year-- including Facebook, Twitter, and Groupon. Above, co-founder of LinkedIn Reid Hoffman gives a presentation earlier this week at South By Southwest.
(Flickr/inUse Consulting)
