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LinkedIn debuted on the market today at $45, but immediately exploded upward, cracking $90, and then still pushing further, touching as high as $120, a rise of well over 150 percent.
Is this the next stage of a social media tech bubble? It’s difficult to say, but one thing’s for certain – some people and institutions have gotten very wealthy today.
LinkedIn is trading on the NYSE under the ticker symbol LNKD.