Liz Gannes

Recent Posts by Liz Gannes

LinkedIn Will Price New Offering at $223 Per Share

LinkedIn, which wants to sell as much as $1.15 billion worth of stock to raise expansion funds, will price the new offering at $223 per share. The company, which had one of the most successful tech IPOs in recent years, has not gotten a positive response to news of the offering, which it filed for yesterday. Shares were down $7.20 to $238.93 today, and dropped further after-hours.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work