LinkedIn Shares Drop 43%, Company Loses $11 Billion Market Value

LinkedIn shares plunged more than 40% in trading Friday.

The steep drop cost the company $11 billion (US) of market value.

LinkedIn shocked Wall Street analysts by badly missing financial performance expectations.

Some experts are saying that, despite the sharp decline, LinkedIn may still be overvalued—by as much as 30%—relative to peers such as Twitter and Facebook.

Before this one-day plummet, LinkedIn’s stock was already down a quarter of its value in just over three months.