LinkedIN has harvested my email address-book in the past, and created a one-liner profile for my contacts and then inviting them to join LinkedIN and also emailing others to tell them the bogus profiles are now LinkedIN members.
This is now part of the ongoing lawsuit [search Judge Lucy Koh's ruling on denying Lnkd's request for dismissal].
So what's new with LinkedIN other than non-stop Pump N Dump headlines.
Sentiment: Strong Sell
At least 2 whales from China beat up Wynn Las Vegas for tens of millions too.
Their profitability will Not meet expectation , at least for the vegas property.
While wall st and shills continue to Pump this, and insiders continue to sell unabated,
inside LinkedIN the company, there's a perpetual re-org going on every month if not every quarter,
with everyone jostling for power and lots of infighting and chaos among the groups, according to a manager there.
YHOO has at least $30 Billion in Alibaba.
Lnkd has 500 Billion SPAMs.
FB has Zero interests in Lnkd.
LNKD has 90% of FB's headcount, and yet only delivers a tiny fraction of FB's revene and No profit.
Why would FB buy a bleeding red ink SPAM company ?
Unlike Jeff Bezos of Amazon , LinkedIN insiders are selling their shares at every chance they get. Bezos is still a substantial owner of AMZN stock whereas soon enough Weiner and Hoffman would have nothing left.
LinkedIN insiders know the company is a Ponzi scheme whose accounting is based on Fraud like stiffing hourly employees, whose mantra is a new business plan du jour , all hype and Pump N Dump.
Sentiment: Strong Sell
If Bill Gates of Msft, Ellison of Oracle, Brin/Page of Google, were to sell at the same rate as LNKD insiders since their respective company's IPO, they would NOT have any shares left.
But they are still significant shareholders, unlike the SPAM company LinkedIN insiders.
A company that has generated ZERO Free Cash Flow in her 15 years existence and continues to use Adjusted earnings and new business units to hype her potential non-stop, never mind that these new business units were bought for cheap and passed over by Google/FB/Msft speaks volumes. This same company continues to loot the company for the benefit of the insiders.
Did you not notice the company stiffing their hourly employees until busted by the govt. ?
Stiffed her own employees, SPAMs by the billions everyday, Pump N Dump headlines everyday.
All so insiders can dump everyweek, to the tune of over $5 Billion since IPO while the 15 year company has yet to produce a profit , none of the adjusted poop but real GAAP profit.
15 year old LinkedIN has yet to deliver a single quarter of GAAP profit but insiders and company have booked over $5 Billion in profit since IPO.
Who cares so long as they tango with WS crooks ?
Lnkd is nothing but a SPAM company, that generates no GAAP profit.
CHINA will soon ban Lnkd. CHINA's laws are clear when it comes to spying and raiding users addressbook to harvest more members.
Keep up the Pumping. Lnkd will goto $1000 per share, that's why insiders are selling at every chance they get, to the tune of over $5 Billion in profit since ipo.
Think you know more than the insiders, dimwit ?
You bought and hold shares with a cost basis of $150 when insiders would NOT risk their shares with a ZERO cost basis ? YOu are not very smart.
LinkedIN is a SPAM king site and a SCAM. They bought 2 failing startups passed over by FB, GOOG, MSFT and wall st. rewards them with another $4 Billion in market cap. If those startups were up to snuff, FB alone would have paid billions for them.