I love LinkedIn – the platform.  I am on it almost daily.  I use it to update my activities, connect with friends/acquaintances and ‘”converse” on business valuation discussion boards.  However, I do not pay a thing.  So far, I only use its free service.  I may decide to pony up for the premium service down the road, but not now.

I do not like LinkedIn – the stock.  According to Yahoo!Finance, it is currently trading at a P/E of more than 1,000.  Yes, you read that correctly.  (I guess the good news is that it is not a negative P/E).  The company has already stated that it expects its revenue growth to decline.  Can you say bubble?

For comparison purposes, Google is currently trading at a P/E of 18.  While I could be wrong, I fail to see how LinkedIn is going to grow into this lofty valuation…unless they start charging for the current free service.  I hope I haven’t opened my big mouth…