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Stock Market & Financial Investment News

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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May 21, 2015
06:10 EDTLNKDStocks with implied volatility below IV index mean; LNKD GE
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May 19, 2015
11:05 EDTLNKDLinkedIn says bets company made on re-segmentation starting to play out
The company says it no longer makes sense to think of their company as only large and smaller customers, as it moves to more variation. It also says it doesn't make sense to think of it as only a monolithic offering. Says North America continues to be their biggest market. Expects vast majority of companies will have someone responsible for learning and development, which will become the primary consolidated buyer. Comments made by LinkedIn Global Head of Sales Mike Gamson made at the JPMorgan Global Technology, Media and Telecom Conference.
May 15, 2015
17:33 EDTLNKDPoint72 Asset Management gives quarterly update on stakes
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May 14, 2015
19:06 EDTLNKDLinkedIn closes lynda.com acquisition
LinkedIn announced that it has closed the acquisition of lynda.com, a leading online learning company teaching business, technology and creative skills to help people achieve their professional goals. Based in Carpinteria, CA, lynda.com was co-founded in 1995 by Lynda Weinman and Bruce Heavin. The transaction is valued at approximately $1.5B, in a combination of approximately 52% cash and approximately 48% stock.
16:18 EDTIPDNPDN sees reducing operating expenses by $3.5M by end of Q3
"We are scheduled to further reduce operating expenses an additional $3.5M between the end of Q1 and the end of Q3. Our outlook is positive and we are experiencing favorable market conditions resulting from an increasingly strong labor market," said Professional Diversity Network in its Q1 earnings report.
16:17 EDTIPDNProfessional Diversity Network reports Q1 EPS (12c), one estimate (15c)
Reports Q1 revenue $10.70M, two estimates $10.11M. "Positive results accelerated in the last month of the quarter, with March showing the most progress of the quarter, partially due to expense reductions that are taking effect," said the company.
06:20 EDTLNKDStocks with implied volatility below IV index mean; LNKD NFLX
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May 13, 2015
06:08 EDTLNKDStocks with implied volatility below IV index mean; LNKD NFLX
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May 12, 2015
09:14 EDTLNKDApps World to hold a conference
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08:07 EDTLNKDSunTrust to hold a conference
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06:02 EDTLNKDStocks with implied volatility below IV index mean; LNKD NFLX
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May 11, 2015
06:11 EDTLNKDStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 28, Netflix (NFLX) 26 according to iVolatility.

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