LinkedIn has started 2016 in less than stellar fashion.
Despite punching above expectations on income and revenue, LinkedIn stock still tumbled 40% following its fourth quarter earnings report.
Missing Link
The fall, which reportedly wiped US$10 billion from LinkedIn's coffers, was the result of mediocre outlook and earnings guidance.
The slump marked the worst day for LinkedIn shares since the company went public in 2011.
It's all about Connections
Still, it's not all bad news for the social network for professionals.
LinkedIn is predicting revenue of US$830 million for the first quarter of 2016 which, while below expectations, still marks a rise from 2015.
Yet Twitter's ongoing financial struggles show how unforgiving investors can be, even if you have Kanye and Kim tweeting regularly.
RECOMMENDED FOR YOU
[STUDY] LinkedIn Becomes Top Source In AI Answers
LinkedIn has become the most cited domain for professional…
LinkedIn has become the most cited domain for professional…
LinkedIn Algorithm Update Prioritises Relevance Over Reach
LinkedIn has overhauled its Feed, introducing a new AI-driven…
LinkedIn has overhauled its Feed, introducing a new AI-driven…
[NEW STUDY] Meta And TikTok Battle For Engagement
New data from Buffer’s State of Social Media Engagement…
New data from Buffer’s State of Social Media Engagement…