The largest social network LinkedIn counts losses

Фото: Depositphotos

Shares of the largest social network for LinkedIn professionals have hit 40%. This news came back on Friday from the New York Stock Exchange. Thus, the company lost $ 10 billion in capitalization. Reports about it WSJ.

This situation was due to a negative reaction to weak indicators in the company's financial outlook for 2016 year. Experts say that the value of securities has dropped to the lowest possible level in the last three years. This year, the company is counting on revenues of $ 3,6 – 3,65 billion, although analysts were expecting about $ 3,9 billion. LinkedIn’s modest plans are associated with the upcoming decline in advertising revenue and marketing tools.

LinkedIn is the world's largest social network search for business contacts, which was launched in 2002 year. In the fourth quarter of 2015, the number of LinkedIn users reached 414 million. The main focus on the development of social networks in the US market.

Previously ForumDaily wrote that Twitter has sent parts of its users a letterin which she warned of the threat of hacker-sponsored “state-sponsored” attacks.

See also:

7 resume writing tips for US employer

Where and how to find a job in the USA for a Russian-speaking person

Everything you need to know about US work visas

How to work from home in the best US companies

What is the best job for 2016?