Via Twitter,@lessiengives us even more fodder to explain the madness. LinkedIn’s IPO went off at an already wacky $45 a share, slapping a $4.3 billion value on the company.
Now today, LinkedIn’s stock price has shot up by more than $60 a share. At LinkedIn’s current valuation of roughly $10 billion, LinkedIn is trading at roughly 41 times its 2010 net revenue.
Mirrorpix/Courtesy Everett Collection
Yes, this is bananas.
IfApplewere trading at the same multiple, it would have a market value of $2.7 trillion. That is not a typo. And that figure is based on Apple’s revenue for the year ended Sept. 25. Given Apple’s rapid revenue growth, we could be looking at more than $3 trillion in market value, if Apple had the same crazy stock multiple as LinkedIn."