Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
16 Jun 2016 Acquired LinkedIn
“I mean they basically were signaling that we are hitting the top of our S curve and that you can’t count on this continued growth of the future which had been priced into their stock. So I think while that core business was still strong, they were looking for secondary revenue channels.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Jun 2016
- Publisher
- Acquired
- Episode
Transcript context
…So LinkedIn announced earnings. They actually beat expectations on earnings for the fourth quarter of 2015 but they announced guidance that was lower than Wall Street expected for 2016, and the stock got hammered. It was down 43.6% in a single day; $10 billion of market cap just wiped out of LinkedIn. I mean they basically were signaling that we are hitting the top of our S curve and that you can’t count on this continued growth of the future which had been priced into their stock. So I think while that core business was still strong, they were looking for secondary revenue channels. They had a display ads business that they had shut down a little bit earlier, at least moved the resources away from. And then there was a second product. It was a… Lead……
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.