Now, we know which social media company is going first. After more than a year of speculation about Facebook’s liquidity ambitions and whether Twitter would fall prey to a deep-pocketed acquirer, the smaller, quieter and likely better-managed LinkedIn has announced plans for an IPO.
Needless to say, everyone will be watching. For a few years, social media companies have racked up big venture capital tabs and sky-high valuations on secondary markets such as SharesPost. We’ll soon find out how much of it is hype.
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