LinkedIn Corp., the professional networking site, now has a worth of $2 billion. this figure was arrived at after Tiger Global Management LLC, a hedge fund founded by Chase Coleman, paid $20 million for a stake, according to 2 unnamed people.
The deal worked out at $21.5 dollars per share for a stake of around 1% and apparently does not represent new investment, being from existing shareholders. The source of this has not yet been named as the sale has not been disclosed at this point. Private technology companies are currently under a lot of interest from hedge funds, private-equity firms and mutual-fund companies, eager to benefit when the companies go public, according to Ari Levy over on Bloomberg.
Tiger also recently invested in Zynga Game Network inc., also a candidate for IPO. LinkedIn now has over 70 million members and Jeff Weiner, its CEO, said last month that it is dealing with inquiries from interested bankers although did not comment on a forthcoming IPO. LinkedIn already raised $76 million from investor funding such as Bain Capital Ventures in 2008 and Weiner commented that the money remains in the bank saying, “We don’t need the capital.” he also quoted both Sequoia Capital and Greylock Partners as other investors.
Coleman and LinkedIn have both so far declined to comment. For more on this go to Bloomberg.com. what are your thoughts on LinkedIn’s valuation of $2 billion? why not send us a comment.
robertsons Collectables
forthcoming ipo, game network, jeff weiner, professional networking, stake
eBay missed the mark with their “eBay heroes” theme at eBay Live! this year. The usually highly collectable pins were not the hot commodities of previous years. In fact on more than one occasion pinks who would normally be mobbed by eager pin collectors were walking around trying to unload their unwanted badges on uninterested eBayers.
The comic book was even worse, users were supposed to visit the eBay stands in the exhibition hall to gathers stickers which would complete the story to help “remember your own adventure as one of the many Heroes of eBay Live!”. Each eBay stand I visited had piles of stickers left – it appears eBay businesses are largely unimpressed with sticker books and comics.
I think it was a missed opportunity, there were many eBay heroes who were highlighted at the conference – the Hall of Fame members, the Giving Works award winners, the three charities eBay donated a million dollars to, the Educational Specialists… the list is endless. Lorrie Norrington mentioned a seller and a buyer she had traded with who could have been her personal “eBay Heroes”.
Sadly eBay Heroes was limited to collectables that few appeared interested in collecting. It should have been more closely integrated with the awards and speeches rather than relegated to freebies. A nice idea that missed the mark could so easily have been turned into a “Here are this year’s real eBay Heroes“.
One Response on “eBay heroes collectables miss the mark”
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Ebay HEROS what a dozy idea
every hospital in the world is full of Heros from those suffering to those treating them.
but someone making money from buying and selling
I think not!
robertsons Collectables
award winners, comic book
Tommy Christopher interviews Dale Robertson, the Tea Party activist who became infamous after I published a photo of him holding a sign with the phrase “Taxpayer = NIGGAR.” Robertson’s unhappy, understandably, with his new status as an activist who’s pilloried every time he’s quoted.
The photograph in question, available in hi-res here, depicts Robertson holding a sign that says “Congress=Slaveowner, Taxpayer=N***ar.” The misspelled n-word appears to have been duct-taped over the original sign, which Robertson claims read “Congress=Slaveowner, Taxpayer=Slave.” He says he never taped anything over the original sign, nor did anyone else. He says the photo must be a fake.
How convenient! In reality, a source in the Tea Party movement who was worried about Robertson’s bid for mainstream cred — his TeaParty.org site was promoted in an email from the fairly mainstream ResistNet — emailed me a very high-res version of the photo. I checked with people who were at the 2009 Tea Party where Robertson held the sign, who told me he was encouraged to leave — there was no tolerance for his sign. I checked in with Robertson’s publicist on Jan. 4, did not get a response, then, later that day, ran the photo. Robertson has had several months to correct the record, but I’ve never heard from him, nor have I heard anyone else contradict the story of him at the Tea Party event.
robertsons Collectables
mainstream, res version
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He’s prepared to fight America, wants George Bush and Tony Blair murdered and may have faked a conversion to Islam
The BNP’s West Lindsey organiser Andrew Gatward has a disturbing mind. In two of his internet postings, which we re-produce below, Andrew Gatward declares that not only is he personally prepared to fight America but he also calls for both current US president George Bush and former British Prime Minister Tony Blair to be murdered. In other postings, Andrew Gatward raises the prospect of violence against non-Whites and British Muslims in order to ethnically cleanse Britain of their presence.
For many readers, their first introduction to Lincolnshire-based BNP organiser Andrew Gatward would have been Lancaster Unity’s recent article, Redwatch threatens to murder councillor after abusive BNP email published
Golly Badges Collectables
british muslims, councillor, former british prime minister tony blair, minister tony blair