Shock and Awe?
LinkedIn's LNKD -8.17% recently had its biggest one-day fall when the stock closed down nearly 45% two Friday's ago, the day after the company reported Q4 2015 earnings with 2016 guidance that missed analysts’ forecasts.
To LinkedIn’s CFO Steve Sordello that crash came as a shock.
”I was pretty surprised at the magnitude,” Sordello said at a Goldman Sachs technology conference in San Francisco, Calif. on Tuesday. “We haven’t seen anything fundamentally change in the business with the exception of Bizo .” In addition to Bizo, Sordello pointed to macroeconomic weakness as a factor that hurt the company’s full year and first quarter guidance. - Forbes
LinkedIn stock is down 55% this year alone. The CFO was pretty surprised, as nothing had fundamentally changed in the business, while pointing to macroeconomic weakness as a factor. Pointing to macroeconomic weakness, might be just the first clue and if one is tuned in to the situation, there shouldn't be any surprise.
Flashback 2008 Crisis: "Even bank boards and top executives have been woefully ignorant about the financial plumbing of their organisations." - Financial Times. Hmmm, deja vu all over again?
To LinkedIn’s CFO Steve Sordello that crash came as a shock.
”I was pretty surprised at the magnitude,” Sordello said at a Goldman Sachs technology conference in San Francisco, Calif. on Tuesday. “We haven’t seen anything fundamentally change in the business with the exception of Bizo .” In addition to Bizo, Sordello pointed to macroeconomic weakness as a factor that hurt the company’s full year and first quarter guidance. - Forbes
LinkedIn stock is down 55% this year alone. The CFO was pretty surprised, as nothing had fundamentally changed in the business, while pointing to macroeconomic weakness as a factor. Pointing to macroeconomic weakness, might be just the first clue and if one is tuned in to the situation, there shouldn't be any surprise.
Flashback 2008 Crisis: "Even bank boards and top executives have been woefully ignorant about the financial plumbing of their organisations." - Financial Times. Hmmm, deja vu all over again?
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