In case you are hiding under a rock; today was the official debut for LinkedIn’s IPO! In being the first social networking site to go the IPO route- it puts a stamp on Social Networking letting everyone know it’s here to stay.
The fact that LinkedIn stock started out at $83 per share and tripled by lunchtime has got to give people a clue, that Social Media is not bs and it’s time to take it a bit more seriously. ( Although, LinkedIn’s big pop got them screwed out of about $130 million, yet that’s another blog. Click on the link if you’d like to read about it)
So, where do we go from here now? Shall we look for more Social Networking companies to dive into the IPO box like Facebook, Twitter, Groupon, etc..or do you think some of these networks truly want to retain their company control to continue building the sites through each wave of technology and social media transformation?
Only time will tell what’s truly going to happen, yet if you had to bet on it: what do you think?