Playing Musical Chairs With LinkedIn
Ryan Chittum highlights an odd warning from LinkedIn management in a recent SEC filing:
It also warned investors, in its recent filing, that it expected its revenue growth to slow as costs increased. It said it did not expect to be profitable in 2011.
Huh? When costs increase your profitability might suffer, but there's no reason that rising costs should affect your sales figures. This really makes no sense. But perhaps it explains why the same folks who blew up the housing bubble are madly blowing up a LinkedIn bubble right now. They know it's all rubbish, but they're just hoping to get out before the music stops, leaving suckers like you and me holding the bag. It worked pretty well before, after all.