LinkedIn Stock Plunges

linkedin-400850_640After LinkedIn acquired the educational website,, business projections have fallen due to some “short-term” costs, and investors aren’t happy.

Shares plunged as much as 20% in after-hours trading following the company’s announcement that the rest of 2015 isn’t going to be as stellar as it had expected.

The company now projects revenue to come in at $2.9 billion. In February it expected it to come in between $2.93 and 2.95 billion.

However, for the most recent quarter, LinkedIn posted revenue of $638 million, a 35% jump in sales compared to last year.

Find out more about the fall of LinkedIn’s shares at CNN Money.

Image courtesy of: Pixabay