Monday, May 23, 2011

Goldman Sachs's opinion on LinkedIn

Goldman Sachs, which was an early investor in LinkedIn before the offering, sold its entire stake at $45 a share at the open, leaving some $30 million in missed profit on the table. Goldman clearly did not believe that LinkedIn’s stock price — even at $45 a share — was sustainable. What do they know that the rest of the world does not?
--Andrew Ross Sorkin, NYT, on revealed opinion

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