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Fox Business asks: Will Facebook buy LinkedIn?
Want to see LinkedIn CEO Dan Nye flinch? Do what Fox Business correspondent Liz Claman did this morning and ask Nye if rival social network startup Facebook has expressed interest in acquiring the company. "It just seems like it would be a perfect for say, a Facebook, to join up, to link up with you guys," Claman advises Nye. Suddenly a happy little conversation on camera turned awkward. Did he flinch because Facebook had expressed interest? Or because, unlike Claman, he knew Facebook wasn't even sniffing around — an admission that would call into question LinkedIn's value right when Nye's gunning to take the company public? That moment, above, and the full interview — replete with Nye's nonanswers about acquisitions and IPOs — below. More »
once you're lucky, twice you're good
P is for Parker, the Valley's bad boy
Sean Parker has had a hand in some of the Valley's biggest successes. His first company, Napster, took the world by storm, but didn't make Parker rich. His second, Plaxo, just sold to Comcast. And his third, Facebook — well, say no more. Except for the bit about him getting kicked out, according to Mark Zuckerberg's legal testimony, for a cocaine arrest. (Parker characterized the incident as "a misunderstanding.") That and more is covered in the 21 pages Sarah Lacy devotes to Parker in Once You're Lucky, Twice You're Good, new book about Web 2.0. The index page where Parker is listed: More »
linkedin
Has LinkedIn lost its soul to growth?
A tipster writes in with a first-person account of what's happening inside LinkedIn — and it's not pretty.A manager interrupting a report's search for a job outside of linkedIN by calling his connections with prospective employers and telling them not to hireMore »
An employee told by her manager that she needed to choose between her job and her family, or LinkedIN was not the place for her
An employee physically accosted by his manager's wife, and then fired when asking HR for help resolving the issue
Each of these things has happened at LinkedIN over the past few months; Each of the managers involved has been a recent hire, brought in by Dan Nye to manage long-time LinkedIN teams. What happened? How did LinkedIN middle management get to such a state?
ipo
LinkedIn chairman hints at IPO in 2009
LinkedIn is off the block, cofounder Reid Hoffman told the Sydney Morning Herald. "We have had (buyout) conversations with all the usual suspects, but I think an IPO is by far and away the most likely outcome," Hoffman said. He suggested, however, that such a public offering might not happen for at least another year or two. One ex-LinkedIn exec said that's much too long a wait.More »
acquisitions
Report: News Corp. not likely to buy LinkedIn
LinkedIn CEO Dan Nye, touring New York to brief journalists on embargoed news we already reported, told CNET that LinkedIn's backers have "great confidence in our independent path." CNET takes this for code that the rumored News Corp deal is off. Nah. It's just good negotiating. LinkedIn still may not sell, but if it does, Nye's billion-dollar posturing will ensure the site isn't sold cheap. It's a lesson some overeager startup flippers should take to heart.
dan nye
LinkedIn CEO says he'll sell for "a lot more" than $1 billion
News Corp. executive Jeremy Philips wants to get himself LinkedIn. But the business-oriented social network has just hired a fancypants new CEO, Dan Nye, who's told Fortune there's no way. No way, that is, unless Philips and his boss Rupert Murdoch pony up "a lot more" than a $1 billion. Ah, finally Nye is starting to understand the rhetorical game Facebook CEO Mark Zuckerberg plays so well. More »
stats
LinkedIn growth outpacing Facebook
Quietly useful social network LinkedIn outgrew Facebook from October 2006 to October 2007, according to numbers from Nielsen/NetRatings. In that year, Facebook grew 125 percent to LinkedIn's 189 percent. Too bad LinkedIn CEO Dan Nye, who's been hinting at an eventual IPO, can't come close to matching Facebook founder and CEO Mark Zuckerberg on Steve Jobs impersonations. Proclaiming your company will change media for the next 100 years will get you laughed at on Valleywag. Laughed at all the way to a $15 billion valuation.
linkedin
LinkedIn CEO hints at IPO
Do you ever stop and feel sad for Friendster? Me either, but if there was any room in your tiny, cynical hearts, you could. Yet another social network that's not the original is talking about taking big money moves. This time it's LinkedIn. CEO Dan Nye recently told Newsweek the company isn't interested in acquisition offers, but that an eventual IPO is likely. The only potential hitch, of course, is Facebook's newfound popularity among business professionals. More »
linkedin
