LinkedIn revenue forecast falls short of targets

LinkedIn shares fell 10 per cent after disappointing revenue forecasts suggested that a revamped mobile app and other new products designed to keep smartphone users engaged will not deliver on advertising growth as quickly as anticipated.

The social network that targets professional users and specializes in recruiting services has in past months introduced a series of enhancements such as news content for mobile devices, to keep users signed in longer and sell more advertising.

via Business feed http://www.scmp.com/business/companies/article/1229008/linkedin-revenue-forecast-falls-short-targets