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Linkedin stock yahoo finance12/24/2023 ![]() LinkedIn was founded in 2003 as a social network focused on on professional networking. LinkedIn as a whole will only slightly move the needle for Microsoft for the foreseeable future. Investors interested in gaining exposure to LinkedIn today should carefully analyze the large and diverse company that is Microsoft, with significant business lines in cloud computing, office software, gaming and hardware devices to determine if they are comfortable with the overall investment. More than five years on, the jury is still out on that question with Microsoft executives heralding LinkedIn’s revenue growth, while analysts seek more answers related to profitability. The wisdom of the deal split opinion among analysts, with some heralding it as a brilliant addition to Microsoft’s portfolio, while others questioned if the company would ever recoup its investment in the social networking company. The stock had many ups and downs since its debut and was ultimately acquired by Microsoft in 2016. The company helped herald in a new generation of internet stocks that exited investors and featured an IPO that surged 109% of its first day of trading in 2011. LinkedIn had a short but eventful life as stock. Introduction: What Happened to LinkedIn Stock? Investors interested in getting exposure to LinkedIn can do so by investing in Microsoft (MSFT), but should understand that LinkedIn will make only a limited impact on the bottom line of the company. As a result, LinkedIn stock no longer trades on the stock market. Quick summary: LinkedIn was acquired by Microsoft in 2016. The author holds none of the positions mentioned below. None of the content below should be misconstrued as investment advice or a recommendation. It also doesn't foresee a new wave of speculative retail buying as the year progresses because of seasonal factors.Disclaimer: Lean Investments is a financial education and entertainment website. Also, "the pace of retail purchases in the current craze failed to reach the prerequisite exponential growth necessary for a solid meme-stock rally (such as AMC in 2021)." Vanda said the latest rally was "doomed to wane" partially because investor sentiment is still predominantly bearish. Its VandaTrack segment monitors retail-investor activity in 9,000 individual stocks and ETFs in the US. ![]() "Nevertheless, the meme stocks sell-off is now causing a reversal of that outperformance," the firm said. Retail traders temporarily outpaced the S&P 500 as the heavy exposure to meme stocks and large-cap tech favorites like Tesla and Apple generated "solid" portfolio gains. The overall drawdown of the average retail trader is 23%, close to the levels seen in March 2020 when the COVID-19 pandemic was unfolding. "Retail investors face a crucial inflection point as summer draws to a close," said Vanda, noting that the average portfolio held by retail investors has started declining. Wedbush this week halved its price target on AMC Entertainment to $2 on dilution concerns Other meme stocks including GameStop and AMC Entertainment have also suffered sharp losses over the past five sessions, with GameStop down about 19% and AMC off roughly 27% through mid-Wednesday. The shares recovered some ground early Wednesday after The Wall Street Journal reported the company secured new financing to help boost liquidity. The stock crashed late last week after Ryan Cohen, the beleaguered retailer's second-largest shareholder, cashed out his entire stake for a $68 million profit. "Furthermore, the lack of intraday rebounds at the market open is indicative of weakening retail demand which we suspect is a function of the fresh losses in meme stocks trading."īed Bath & Beyond shares have plunged roughly 56% over the past five sessions through mid-Wednesday to trade around $9.99. "We expected to see a figure in the $1.3 billion- $1.4 billion range – especially as engagement picked up substantially thanks to the latest meme-stocks rally," Vanda said in a note published Wednesday. But history suggests that investors would have bumped up purchases on a down week, with the S&P 500 losing 4% over the last five trading sessions. Over the past week, average inflows into US-listed securities amounted to $1.2 billion a day, not far off from the year-to-date average of $1.24 billion a day, the firm found. The buying craze surrounding meme stocks - notably Bed Bath & Beyond in the latest round – is slowing down, and retail investors are likely to start reducing overall stock purchases through year's end, according to research firm Vanda.
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