LinkedIn began trading under the LNKD ticker symbol on the New York Stock Exchange today, pricing its IPO at $45 per share – the high end of the range expected by investors. That would have given the company a $4.5 billion market cap on $243 million in net revenue in 2010, but that’s not where the price has settled. Jumping as much as 173% above that $45 share price, the stock is currently trading north of $106 and has gone as high as $122.70 today.
Cathy Horyn may not be a fan of Snooki’s inexplicable fame – in the snarky writeup heard ’round the web, Horyn describes the diminutive reality star as a “not conventionally attractive… like a turnip turned on its tip.”
Perhaps viewers just want something different from reality stars like Heidi Montag who achieve conventional prettiness by any means necessary, and self appointed style experts like Lauren Conrad. For whatever it says about pop culture and our entertainment choices as a society, the Jersey Shore has helped boost MTV’s year over year viewership, and parent company Viacom’s earnings outlook along with it.
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