LinkedIn Corp (NYSE:LNKD) Is Only Second To Facebook Inc As Per Pew Research Paper


Dallas, Texas 01/02/2014 (FINANCIALSTRENDS) – LinkedIn Corp (NYSE:LNKD) in the past three months, is having a tough time in getting investors to stay invested in the stock. As a result of this (hopefully temporary) lack of investor confidence in the stock, the share price of this professional networking platform has been in the red for the last quarter. It has lost close to 13.6 percent in market value during trading in the past 90 days and these losses have extended to the past month when it has shrunk by a 3.2 percent margin.

This lack of confidence in the stock of LinkedIn Corp (NYSE:LNKD) is surprising since the firm boasts of a market cap of $24.7 billion from which it has managed to post gains of $34.5 million in the past 12 month. This is because independent analysts have been pointing out that the online networking major has been working towards adding to its user base on one hand and has also managed to increase various solution offerings around staffing which have increased its revenue flow in the recent quarters.

These positive expectations from LinkedIn Corp (NYSE:LNKD) seems to be borne out by third party surveys. In a recent research paper which was authored by Pew Research Centre it was found that LinkedIn Corp (NYSE:LNKD) has managed to increase its user base from what it was in 2012 by close to 2 percentage points. Another noteworthy observation coming out of the report was that in spite of the increased competition, the professional networking site has managed to hold its own and comes in second after social media market leader Facebook Inc (NASDAQ:FB). Readers should note that in the past quarter, the networking firm has managed to post a 56 percent increase in its sales on a quarter on quarter compare while the likes of Twitter are struggling to increase their user base.

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