Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Freshly minted shares of business-minded social network LinkedIn
So what: As of this writing, just before lunch, 11.6 million shares had changed hands at an average price of about $86. That's just about $1 billion of paper-pushing in half a day's worth of action. To put that number into perspective, large-cap market darlings Baidu
Now what: Okay, so everyone wants a piece of the new kid on the block. But LinkedIn's prospectus is full of bright-eyed membership-boosting plans with very little economic value. Google
Interested in more info on LinkedIn? Add it to your watchlist.
Fool contributor Anders Bylund owns shares of Google but holds no other position in any of the companies discussed here. The Motley Fool owns shares of Google. Motley Fool newsletter services have recommended Google, Amazon.com, and Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.