What do you financial guys think of the LinkedIn IPO?

[natty]

First major social networking site to hit Wall St. Looking like they could hit 4.5 billion. Lots of buzz for a company that isn't profitable. How do you think it'll fare in the long run?

[Jase]

it's poop.

I think.

[Jackofalltrades]

Isn't that a beer?

[natty]

I would agree on the poop assessment. But I think there's some money to be made in the short term though. Investors seem to love to throw money at internet companies that don't make money.

[Jase]

just like a lot of overhyped IPOs, it's going to generate good buying interest for a few weeks to a few months at the most. Then people are going to realize it is way overpriced and start shorting it. See: GM, TSLA

[Jase]

initial price is $83. That's a P/E ratio of only 980

lol

[natty]

lol a company that made 15 million last year is now 'worth' 8.5 billion.

[TheSaint]

Of course the special people (like Goldman Sachs) got their shares for something like $43.

10BILL M Cap? hahahaha...

[pstall]

now a days, if you aren't on the private placement list, fughetaboutit

[Kevin Greene]

I get these Linkedin invites, then the author comes on and apolagizes that the porgram took over their computer.

No thanks.

[Razzy]

My magic 8-ball predicts a tech stocks bubble.