linkedin. zynga, groupon, facebook.
linkedin had an explosive first day of trading. the company's offer price of $45 p/s catapulted to $122 p/s and is currently trading around $95 p/s. the firm's market value nearly reached $9 billion.
there are other heavy hitters in the pipeline. zynga is rumored to launch its ipo in the next couple weeks. groupon's will be by the end of the year. and the almighty king facebook will launch its ipo in 2012.
are these social media firms really worth it? they have no organic product or service to sell - their economic value is generated from marketing other products and services. are firms that coordinate information worth billions? if so, why don't administrative assistants have higher salaries?
bring on the shorts.
