LinkedIn Corp. (NYSE:LNKD) is the world’s largest online professional network. It has three business segments: Hiring Solutions, Marketing Solutions, and Premium Subscriptions, each serving different customers. Despite strong fourth quarter results, shares were down in the first quarter due to a weak 2016 outlook. After several quarters of inconsistent results, we believe management is finding it increasingly difficult to manage the complexity of three businesses. We exited the position. (Ashim Mehra)
From Baron Opportunity Fund first quarter 2016 commentary.
