According to those who keep track of such things, LinkedIn had its worst stock-market day ever. Here are the details from BusinessInsider.
Essentially the stock went down today 43.63%, to 83.90. Investors are losing confidence. Soon enough we professionals who are investing so much time playing in the LinkedIn sandbox will take our toys elsewhere to network.
It isn't only the Q4 loss which LinkedIn announced. And it isn't its lowball guidance for 2016. The bigger problem is that its primary asset - the data it collects - isn't being monetized fast enough. When I was writing for Motley Fool, I defended LinkedIn high share price because of its ability to capture the data associated with The Professional Class. But that capacity doesn't seem to be producing enough revenue to keep security analysts optimistic about its prospects.
A smart entrepreneur will see an opening for creating a LinkedIn-killer. There could soon be a competing platform for us professionals.