While I’ve written about the absurdity of Apple’s stock valuation, it might be worth looking at the other nonsense going on in this sector.
Over the past three months, LinkedIn (NYSE: LNKD) stock price has appreciated 48.85% (1/19/12-5/18/12). It now has a market value of $10.75 billion dollars. Or, roughly the same as…
…ConAgra Foods ($10.74B)
…Southwest Airlines ($6.06B) and Abercrombie & Fitch ($4.07B) combined
…Safeway Inc. ($5.64B) and KBR ($5.08B) combined (you probably know KBR as Satan’s construction company)
…Washington Post ($2.84B) and NYSE Euronext ($6.96B) combined (you probably know NYSE Euronext as, ya know, “the stock market.”)
…11.9x as much as The New York Times ($903M)
That’s LinkedIn’s value. Not bad for a company that provides a resume template.