LinkedIn Corp (LNKD) Growth Is Because Of Millennial Workforce: Charles Sizemore


LinkedIn Corp (NYSE:LNKD) has crossed analysts’ expectations. The stock went up by 12% on Friday. In a program on CNBC, Charles Sizemore, CIO of Sizemore Capital Management talked about impressive LinkedIn quarterly report. Sizemore thinks that most of the social media giants including Facebook and Twitter have plummeted and went down in the quarter. LinkedIn on the other hand reported a strong quarter. Experts think that the role of Chinese market is one of the paramount factors behind formidable progress of LinkedIn Corp (NYSE:LNKD). LinkedIn Corp (NYSE:LNKD) is getting a fame in emerging markets because of the fruitful results it is yielding in the jobs sector. More than 60% of LinkedIn Corp (NYSE:LNKD) traffic comes from outside the US.

LinkedIn Corp (NYSE:LNKD), Facebook Inc (NASDAQ:FB), Weibo Corp (ADR) (NASDAQ:WB), Twitter Inc (NYSE:TWTR)

Sizemore thinks that although LinkedIn Corp (NYSE:LNKD)  stood out and looking good because of the decline of its competitors, its revenue, growth and profits are genuinely worth appreciating. He mentioned decline of Facebook, Twitter and Netflix. He said that millennials are playing an important role in growth of LinkedIn because they are a new but extremely important aspect of new workforce. People are finding colossal opportunities on LinkedIn. He agreed that markets like China are giving LinkedIn Corp (NYSE:LNKD) a clear edge over its competitors who are still facing hurdles and regulatory issues in the country.

Sizemore thinks that LinkedIn Corp (NYSE:LNKD) is a pretty expensive stock. LinkedIn Corp (NYSE:LNKD) monetize on a subscription model, but Sizemore thinks that the company should also opt for ads because majority of its social media counterparts make large money because of ads.

According to Sizemore, emerging markets like China and Brazil have enormous potential in the future.

As of 30 June 2014, John Griffin’s Blue Ridge Management hold around 475,000 LinkedIn Corp (NYSE:LNKD) shares.

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