LinkedIn's offering of 7.84 million shares at a rate of $45 each this morning was the biggest U.S. Internet IPO since Google's in 2004. By mid-morning, the stock was trading as high as $86. Keep up with the latest price here.
LinkedIn has a big team of engineers and data scientists, and expect the team to grow as it raises cash from its IPO. It may also have to replace employees who leave for new ventures after cashing out with their stock options. For example, in March, the company lost its head of data products, DJ Patil, to the hot Silicon Valley startup Color, a photo sharing site. LinkedIn currently has about 1,300 employees.
Some critics argue that LinkedIn's $4.25 billion valuation is absurdly high considering that the company only made $15.4 million in profit last year. But supporters argue that LinkedIn is no flash in the pan. It was founded in 2003, and has steadily grown its user base to more than 100 million while becoming the premier professional networking site. The company has three diversified revenue streams, making it attractive to some analysts. (WSJ)
Cloud's Finest (GigaOM)
If you want to get involved in cloud computing, here are the companies you should be sending your resumes to. Some, like Apple, you already know, but others like Boundary, you may not.
Multitasking Myths (FINS)
You've got a million things to do at once, and sometimes it takes all of your energy just to find the focus to complete a given task. Here's why multitasking isn't all it's cracked up to be.
Apple Interview Questions (Business Insider)
Check out these questions you might be asked on an Apple interview, like, "How would you investigate a technology without letting anyone know you were investigating it?" These might not be the exact questions you get in your interview, but they'll give you a sense of what could be asked.
Startup Gigs (WSJ)
Job openings at startups have been rising since the beginning of 2010, eclipsing even the total of pre-crisis 2008. But not all startup locales are created equal. The San Francisco Bay area has seen the most explosive growth.
Clearwire's Outsourcing Bid (FINS via Dow Jones)
Clearwire Corp. announced its sending 700 employees to L.M. Ericsson Telephone Co. as part of deal to have Ericsson handle its networking operations.
Twitter Follows You Around (WSJ)
Those easy-to-use "like" and "tweet" buttons that allow you to share news items on your Facebook and Twitter accounts? They allow the social networking sites to track the sites you visit and articles you view even if you don't click the "like" button.
The Great Stagnation (PBS Newshour)
Not everyone is so gung-ho about the new tech boom and its impact on the economy. One George Mason University economist says that Internet technology hasn't had nearly the effect that the industrial innovation of the 20th century had.
Second Act for the PC? (CNN Money)
Intel says it will redefine the PC experience, complete with touch screens. But it also aims to be inside of smartphones by next year.
North Carolina Gets Its Data On (Shelby Star)
Already home to some Facebook and Wipro operations, North Carolina could soon house a Walt Disney data center in the state.
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