LinkedIn Shares Drop as Sales Forecast Trails Estimates
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LinkedIn Corp., the biggest online professional-networking service, fell the most in almost two years after forecasting sales that trailed analysts’ estimates, raising concern that mobile advertising will be slow to kick in.
LinkedIn tumbled 13 percent to $175.59 at the close in New York, the biggest decline since Aug. 8, 2011. That sliced its year-to-date gain to 53 percent.