Linkedin loses $10 billion market cap in single day on customers’ say-so

Reid Hoffman’s LinkedIn was trading yesterday at $109 a share having averaged 50% more than that for the last three years. As recently as October 2015 Forbes stated that “LinkedIn’s valuation looks fairly priced” at $192.

But in the New Year one market maker had LinkedIn’s customers surveyed and at the end of January declared it a “Sell”.

What did those customers say that caused the price to come down – and stay down?

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