I've been watching the ipo for LNKD with a lot of interest. After having survived the first tech bubble mostly intact, and survived the recession mostly intact, I have to wonder if a 650x revenue valuation is a legitimate value or is it another bubble coming down the hill?
For reference, LinkedIn posted a $15M profit last year and projects a loss for this year.. Yet the company have been valued at $10B..
Add to this, does this mean the Facebook is a $100B company?? What do you think about the stock prices, especially since "regular people" can't get opening IPO prices..