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News Breaks
January 6, 2014
07:07 EDTLNKD, IPDNProfessional Diversity Network confirms LinkedIn to no longer be reseller
Professional Diversity Network (IPDN) announced that it has released an open letter to stockholders from CEO James Kirsch, stating in part: "Recently, Professional Diversity Network, Inc. announced that LinkedIn Corporation (LNKD) provided written notification to the company of its decision to terminate the Diversity Recruitment Partnership Agreement dated November 6, 2012 with the company, effective as of March 30, 2014, and as a result, LinkedIn will no longer be a reseller of the company's diversity recruitment products and services. LinkedIn's notice of termination did not provide a reason for termination. To date, we believe we had an excellent professional relationship with LinkedIn. When we entered into the LinkedIn Agreement, our company's anticipation was that LinkedIn would generate approximately $50M of revenue from the sales of our products and services in the near term...We anticipate that the end of our reseller relationship with LinkedIn on March 30, 2014 will have a negative revenue impact on the company in the near term. LinkedIn has been a key strategic ally to the company and our involvement with their team has expanded our reach, enhanced our profile and helped to educate recruiters about the value of Professional Diversity Network."
News For IPDN;LNKD From The Last 14 Days
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October 8, 2015
17:31 EDTIPDNProfessional Diversity Network announces $1.2M stock buyback
Professional Diversity Network announced that its board has approved a share buyback of up to $1.2M of its outstanding stock. This buyback is set to begin in 2016 and is expected to be funded from the company's free cash flow.
05:38 EDTLNKDStocks with implied volatility above IV index mean; P LNKD
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October 7, 2015
14:59 EDTLNKDTwitter, LinkedIn sign on to Google accelerated web project
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06:27 EDTLNKDLinkedIn November volatility increases
LinkedIn October weekly call option implied volatility is at 32, October is at 33, November is at 46; compared to its 52-week range of 22 to 61, suggesting slightly larger price movement.
October 6, 2015
19:20 EDTLNKDEuropean court rules personal data sent to U.S. potentially unsafe, AP says
A European court ruled that personal data sent to servers in the U.S. could potentially be unsafe from government spying, reports the Associated Press. Tech companies could find it more difficult to conduct business in Europe, as a result of this ruling, the AP adds. Publicly traded companies in the space include Facebook (FB), LinkedIn (LNKD), Twitter (TWTR), and Google (GOOG). Reference Link
October 5, 2015
05:29 EDTLNKDStocks with implied volatility above IV index mean; ODP LNKD
Stocks with implied volatility above IV index mean; Office Depot (ODP) 95, LinkedIn (LNKD) 53 according to iVolatility.
October 4, 2015
19:59 EDTLNKDLinkedIn establishes $13M 'email spam' compensation fund, Re/code says
LinkedIn has established a $13M compensation fund related to the company's Add Connections feature, which allegedly sent out obtrusive "connection requests" after scanning its users' email contacts, Re/code reports. Reference Link
13:54 EDTLNKDGoogle, Facebook set to continue dominating web ads, Barron's says
Google (GOOG) and Facebook (FB) are likely to continue dominating online advertising, with Twitter (TWTR), Yahoo (YHOO), and LinkedIn (LNKD) increasingly becoming "distant rivals" as advertisers flock to the two biggest names in the space, Barron's contends in its 'Technology Trader' column. Shares of Google and Facebook "probably have decent upside from here," while the future of Angie's List (ANGI) and Yelp (YELP) looks "less certain," Barron's adds. Reference Link
October 2, 2015
06:25 EDTLNKDLinkedIn coverage assumed with a Neutral at Wedbush
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