By John Glenday

Business networking platform Linkedin has reported worse than expected financial results for the second quarter, following in the wake of similarly poor results at Twitter and reviews site Yelp.

Whilst the site actually posted a seemingly healthy 35 per cent uptick in sales for the first quarter, above and beyond what had been pencilled in, it was forced to issue a profit warning for the remainder of the year as the platform struggles with a strong dollar, weakening EU ad sales and rising research costs.

The disappointing numbers led LinkedIn’s share price to collapse by a quarter as investors deserted the business, Read full story ›

Source: The Drum