LinkedIn Surges to More Than Double $45 IPO Price in First Day of Trading – Bloomberg
“There’s tremendous investor appetite for shares of social media companies, particularly the premier ones like LinkedIn,”
“a “substantial portion” of revenue comes from a business that’s comparable to the software-as-a-service model.”
“SaaS companies, including Salesforce, NetSuite Inc. and SuccessFactors Inc., sell subscriptions over the Internet rather than long-term licenses like traditional business-software companies.”
This model seems to work well for business services.
Not that he could sell it now.