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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald