The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

LinkedIn forecasts weak first-quarter profit, shares plunge

Online ad revenue growth slowed to 20 percent in the fourth quarter from 56 percent a year earlier as automated ads offered by Alphabet Inc’s Google make its traditional ad displays less attractive to advertisers. LinkedIn has been spending heavily on expansion by buying companies, hiring sales personnel and growing its presence in China and other markets outside the United States as it tries to strengthen its core recruitment services business.

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