If LinkedIn can sustain a price above, say, $75 a share, BOFA and Morgan should have sold 


it to institutions at $60. Because the stock was instead sold at $45, LinkedIn and its existing 


investors just got screwed to the tune of $175 million.






That means folks like us get to write breathless stories about how much money investors


are making and how everyone's partying like it's 1999.

                                        Happy? Of course. But not as happy as he deserves to be.

CONGRATULATIONS, LINKEDIN! You Just Got Screwed Out Of $130 Million

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