QUOTE (Jenksismyb**** @ May 23, 2011 -> 02:19 PM)
I don't know if it's overvalued or not, but LinkedIn has a very strong chance of becoming essentially Facebook for business, a market that Facebook will never be able to capture and a market that has no other competitors. 5 years ago if Facebook had gone public with a high price like this I'm sure your reaction would have been the same.
Yeah, I think LinkedIn's opening was ridiculous, but there are many things different than the first tech bubble. First, that most of the big tech companies are profitable and have real business models, and are not just doing fundraising rounds and spending it as quick as they can. LinkedIn's b/c of their business angle has a lot of opportunity for profit growth. They are just tapping into that now. But they are a lot further along than twitter.