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LinkedIn skids 40%, erases $10B in market cap https://t.co/B8JWD7voGy
February 05, 2016
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LinkedIn skids 40%, erases $10B in market cap
Shares of LinkedIn plunged more than 40 percent Friday, erasing $10 billion of its market capitalization after announcing weaker-than-expected forward guidance the previous evening. The social media company reported fourth-quarter earnings and revenue that topped analyst estimates Thursday, but shares in the company tanked in after-hours trading.