LinkedIn is a business-oriented social networking site. It was founded in December 2002 and launched in May 2003, and mainly used for professional networking. As of late March 2011, LinkedIn has well-over 100 million registered users from more than 200 countries and territories worldwide.
Yesterday, LinkedIn raised the expected IPO price range from $32 to $35 for its shares to between $42 and $45. This increases the valuation of the company from $3.3 billion to $4 billion.
Yesterday, LinkedIn raised the expected IPO price range from $32 to $35 for its shares to between $42 and $45. This increases the valuation of the company from $3.3 billion to $4 billion. 
The surfacing symmetrical nature of LinkedIn and other social networking companies such as Facebook, Groupon, and Twitter, to the dot-com crash of the early 2000s does not worry investors. This is summed up by Aydin Senkut, a LinkedIn investor and founder of Felicis Ventures, “the difference between now and then is that companies preparing to go public today have better track records and more significant revenue, in part because of better government regulation”. But, is this enough to legitimize LinkedIn's valuation of $4 billion when its total revenue in 2010 was $243 million with net income being a mere $15.4 million?
To learn more about the social networking bubble, click here.
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