Internet, Linkedin | featured news

Despite new ownership and an injection of Justin Timberlake celebrity cachet, the bad news just keeps coming for Myspace.

Jim Cramer got really angry on CNBC yesterday. The LinkedIn (LNKD) IPO got him in a tizzy. Why? Because he said that the underwriters for the offering (Morgan Stanley (MS), B of A Merrill (BAC), and JP Morgan Chase (JPM)) decided to play the old “dot com” games of only releasing an artificially small amount of shares on the market, in hopes of creating a feeding frenzy.

LinkedIn shares skyrocketed more than 80% to trade at about $86 a share, and at a high of $92.99 a share, on Thursday as the social networking site launched its initial public offering.

Professional networking site LinkedIn raised its price range for its IPO this week by 30%, valuing the company at $4 billion, a strong indication that demand is running high for the new stock.

Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initial public offering, one of the first for a major U.S. social networking site.

LinkedIn announced a new platform Wednesday for its business-focused social networking site -- offering websites and developers easy tools to embed "recommend" buttons, company-profile boxes and contact widgets on third-party websites -- as well as a way to log in to other sites using LinkedIn.

Users in China are reporting that access to LinkedIn has been blocked throughout the country.

LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests....

This morning, professional social network LinkedIn announced that it is opening up its API for developers to build applications around the platform.

Twitter and LinkedIn have struck a deal for tweets to be shared on LinkedIn, boosting the efforts of both services to be a hub for professional conversation.