LinkedIn Corp shares can fall 50%May 23, 2011 - 09:18 AMT PanARMENIAN.Net - Shares of professional social networking company LinkedIn Corp could fall by half if the company hits a rough patch, Barron's said in its May 23 issue. LinkedIn, whose shares more than doubled after the company went public last week, will find it hard to justify its high valuation and investors "should stay away," according to CIOL. LinkedIn shares are trading at 35 times its 2010 revenue and 550 times 2010 profit, levels Barron's called "steep." Meanwhile, according to a security researcher, LinkedIn's professional networking website has security flaws that makes users' accounts vulnerable to attack by hackers who could break in without ever needing passwords. New Delhi-based Internet security researcher Rishi Narang who discovered the security flaw told Reuters that the problem is related to the way LinkedIn manages a commonly used type of data file known as a cookie. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |