Despite reaching 225m users and sales in the first quarter 2013 of $324.7m (up 72% on 2012), investors perception of weak revenue projections has hurt the company's trading value.
According to BBC News:
After (LinkedIn) issued a weaker-than-expected forecast for the current quarter...It said it expects revenues of between $342 to $347m (£220m to £223m) in the April to June quarter. Most analysts had expected a figure closer to $359m.
"We are seeing some encouraging early signs, but it's of a very small scale right now," said Steve Sordello, head of finance at LinkedIn.
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