LinkedIn Passes the $2 Billion Mark
On August 3, 2010,
in SMO,
by Ben Johnston
Bloomberg are reporting that business-based social network LinkedIn is now worth more than $2 billion after recent outside investments.
The report states that hedge fund Tiger Global Management invested $20 million for an approximately 1% stake in the platform, paying $21.50 per share. SharesPost – an online privately held company marketplace – states that LinkedIn has 105 million shares left. Doing the maths leads us to a figure of $2.26 billion.
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