LinkedIn Plunges as Second-Quarter Forecast Misses Estimates
The Collapse of High-Flying Stocks
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LinkedIn Corp.’s shares dropped the most since their 2011 market debut after the company delivered quarterly revenue that missed analysts’ estimates for the first time, shaking confidence in a historically stable business plan.
The professional-networking website also forecast sales that missed projections for the second quarter and cut its guidance for annual revenue, citing the strong U.S. dollar and slower-than-predicted growth.