A Reuters article noted LinkedIn's strong showing in the fourth quarter of this past year, when its revenue of $167.7 million exceeded Wall Street's expected $159.7 million. At the same time a year earlier, revenue for the fourth quarter only totaled $81.7 million. And more money is expected to trickle in; the company, which went public in May, set a revenue estimate for 2012 in the range of $840 million to $860 million. Expectations were also strong outside the company: "Average Street estimates for the full year 2012 were $828.2 million in revenue."
Reuters credits the company's increased revenue "to strong product and subscription growth."
Asset Performance: the Winners and Losers
The Economist recently published data focusing on the asset performance of bonds, equities, and precious metals. Although many sectors of the world economy have taken hits, government bonds and gold have fared well. As The Economist explains, this is likely because many people view these assets as "stores of value", or safe investments. However, not all government bonds have thrived during this time. Greece bonds had the lowest returns, with EU Carbon credits coming in second and Egypt equities in a distant third.
Facebook to Pass Yahoo Inc., Top Online Display Advertising Dollars in 2011
According to a recent Reuters article, Facebook's U.S. advertising revenue will total approximately $2.2 billion in 2011, consisting of a 17.7 percent share of the U.S. market for graphical displays that appear on websites. This is an increase from Facebook's 12.2 percent share last year and vaults Facebook to the top spot in online advertising revenue, which formerly belonged to Yahoo Inc. According to Reuters, "the figures underscore the growing clout of Facebook, the world's No.1 Internet social network."
The overall U.S. display market's growth in 2011 is projected at 24.5 percent, and Facebook is not the only company reaping the benefits. Writes Reuters: "Internet companies such as Yahoo, Google Inc and Microsoft Corp are competing for those advertising budgets, while new players such as online coupon company Groupon are offering marketers alternatives to traditional online display ads." Google will earn an estimated $1.15 billion from U.S. display ads in 2011, up 34.4 percent from last year.
The article is based on an eMarketer report.
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The article is based on an eMarketer report.
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