LinkedIn Stock Symbol and Price | How to Invest in LinkedIn
LinkedIn is a social networking platform for professionals. It allows users to create profiles, showcase their skills and achievements, connect with other professionals, and discover new opportunities.
LinkedIn also offers various services for businesses, such as recruiting, advertising, learning, and sales solutions.
Is LinkedIn Publicly Traded?
LinkedIn used to be a publicly traded company under the ticker symbol LNKD. It debuted on the New York Stock Exchange in May 2011 with an initial public offering (IPO) price of $45 per share. The stock price soared to $94.25 on the first day of trading, making it one of the most successful IPOs in history.
However, in June 2016, Microsoft announced it would acquire LinkedIn for $26.2 billion, or $196 per share, in an all-cash deal. The acquisition was completed in December 2016, and LinkedIn became a subsidiary of Microsoft. Since then, LinkedIn has stopped trading as a separate entity and has been integrated into Microsoft’s business segments.
What is the LinkedIn Stock Symbol?
Since LinkedIn is no longer a standalone company, it does not have its own stock symbol anymore.
Instead, it is part of Microsoft’s stock, which trades under the ticker symbol MSFT on the Nasdaq stock exchange. Microsoft’s stock price reflects the performance of all its businesses, including LinkedIn.
What is the LinkedIn Stock Price?
There is no LinkedIn stock price because it is not publicly traded anymore. However, you can look at Microsoft’s stock price to get an idea of how LinkedIn is doing as part of its parent company. As of September 15th, 2023, Microsoft’s stock price was $330.93 per share, down 2.29% from the previous day.
Microsoft’s stock has been on an upward trend for the past decade, driven by its strong growth in cloud computing, gaming, and software services. The company has also benefited from its acquisition of LinkedIn, which has added more than 200 million users and increased its revenue by more than 20% annually since 2016.
How to Invest in LinkedIn
If you want to invest in LinkedIn, you can buy Microsoft stock to get indirect exposure to the professional networking platform. Microsoft stock is widely available on most online brokers and trading platforms.
However, before you invest in Microsoft or any other stock, you should do your own research and analysis to understand the risks and rewards involved.
When did Microsoft buy LinkedIn?
Microsoft bought LinkedIn on June 13th, 2016, for $26.2 billion, making it one of the largest tech acquisitions ever. The deal was approved by both companies’ boards of directors and shareholders and by regulators in various countries.
It was finalized on December 8, 2016, and LinkedIn became a wholly-owned subsidiary of Microsoft.
Why did Microsoft buy LinkedIn?
Microsoft bought LinkedIn to expand its presence in the social media and online services market. Microsoft saw LinkedIn as a strategic asset that could complement its existing products and services, such as Office 365, Dynamics CRM, Skype, and Bing. Microsoft also wanted to leverage LinkedIn’s data and insights to create new opportunities for its customers and partners.
By acquiring LinkedIn, Microsoft aimed to grow the site’s user base and engagement, enhance its value proposition for professionals and businesses, and integrate it with its software and cloud platforms.
Investing in LinkedIn | Bottom Line
LinkedIn is a leading social networking platform for professionals that offers various services for individuals and organizations. It used to be a publicly traded company under the ticker symbol LNKD until Microsoft acquired it in 2016 for $26.2 billion. Since then, LinkedIn has become a Microsoft subsidiary and integrated into its business segments.
Similar companies that aren’t publicly traded either include OpenAI, Photoshop, Minecraft, and Alienware.
If you want to invest in LinkedIn, you can buy Microsoft stock to get indirect exposure to the platform. However, you should be aware that Microsoft’s stock price reflects the performance of all its businesses, not just LinkedIn.
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