LinkedIn Corp shares drop most in 3 years in a bad week for social media stock

LinkedIn Chief Executive Officer Jeff Weiner has been expanding the company beyond its foundation as a portal for recruiters and job hunters, building tools that use the site's user data for marketing and sales.

LinkedIn Corp.\’s shares dropped the sharpest in additional than three years after the company delivered quarterly revenue that missed analysts\’ estimates the very first time, shaking confidence in a historically stable business plan.

The professional-networking website also forecast sales that missed projections for the second quarter and cut its guidance for annual revenue, citing the strong U.S. dollar and slower-than-predicted growth.

\”This is definitely an extraordinary miss for a company that has by and large avoided any major blowups since going public,\” said Paul Sweeney, an analyst at Bloomberg Intelligence.


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