SAN FRANCISCO (AP) — LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this year as management ramps up spending while revenue growth slows.
The projection released Thursday with LinkedIn’s fourth-quarter results triggered an 8 percent drop in the company’s stock price during extended trading. The shares shed $17.91 to $206.54.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
