Yesterday was a big day for the social media world and I wanted to make sure you saw the news. LinkedIn was traded on the New York Stock Exchange for the very first time. Yesterday the news was that their stock would be valued at $45/share but by the time the opening bell rang this morning the price was already at $83 per share and closed the day at $94 per share.
That means that LinkedIn was valued at $8.9 Billion dollars at the end of the day. Not bad for a little social networking site that was created in 2003 and doesn’t seem to hold a candle to massive social networking giant Facebook!
So what does this mean for you and me? First it is validation that social media is a new and real form of media. It is coming into it’s own and the financial society is starting to believe. Second it means that those of us who are already participating and utilizing the tools available are leaps and bounds ahead of our competition.