Has anyone bothered to calculate their earnings potential ? Lets do some quick rough estimates.
Lets say there are 3 bil of working age adults in the world. Out of which most are plumbers, mechanics, fast food employees, etc. So lets say the total number of potential users is about, lets be generous, 1bil.
They have 200 mil subscribers already. so once again lets be generous, and their revenue will grow 5 times over time. And profits will be 60 mil per quarter.
Does this sound like a 15 bil market cap company ?
Your earnings are way under estimated. This could be a $30+ billion company that puts all the other job search cites out of business. So add all all the market caps of all the job search/recruiting sites out there. LNKD is still relatively cheap based on its potential. Who goes to Careerbuilder or Monster anymore anyways? Most recruiters are looking through people's LNKD profiles to find candidates.
There seems to be something wrong about making money this way... However, it is what it is... and no, it does not make sense. I am still in awe of NFLX. Don't spose anyone notice that they are forecasting a major growth slowdown in 2013?!?