Playing Musical Chairs With LinkedIn

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Ryan Chittum highlights an odd warning from LinkedIn management in a recent SEC filing:

It also warned investors, in its recent filing, that it expected its revenue growth to slow as costs increased. It said it did not expect to be profitable in 2011.

Huh? When costs increase your profitability might suffer, but there’s no reason that rising costs should affect your sales figures. This really makes no sense. But perhaps it explains why the same folks who blew up the housing bubble are madly blowing up a LinkedIn bubble right now. They know it’s all rubbish, but they’re just hoping to get out before the music stops, leaving suckers like you and me holding the bag. It worked pretty well before, after all.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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