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This has been the biggest since Google. LinkedIn IPO was listed today and its price instantly skyrocketed, it increased by 96%.  Starting at $45 it exploded to $88 within a few hours.

But all this has started raising concerns, is this is the start of a new tech bubble ??

At 12:32 pm EDT, LinkedIn shares are up 141% to $108

As of 12:02 pm EDT, LinkedIn shares are up 127% to $102.40, taking a slight dip from a peak at $115 at 11:50 am.

LinkedIn has exploded out of the gate and as of 10:53 am EDT, its share price is up 96% to over $88, after starting off the morning at $45, for an implied market cap of some $8 billion. LinkedIn stock didn’t even begin trading until more than half an hour after the NYSE opened as officials scrambled to match supply with demand.

It’s little wonder why: LinkedIn is the first major U.S.-based social network to go public, and the ballooning demand for LinkedIn stock is spelling out huge possibilities for the long-dreamed-of IPOs of Facebook, Twitter, and Groupon. If the report from SecondMarket, an online marketplace for alternative investments, is any indication, those IPOs are sure to explode with a fiery vengeance. Of the top ten most watched companies on SecondMarket, social media dominates the top five—starting with (you guessed it) Facebook. Twitter comes in at number two, while Groupon comes in third, LinkedIn fourth, and Zynga fifth.

As of March 2011, LinkedIn had 102 million members, which was 12 million more than it had just three months earlier in December 2010. In year-over-year metrics, the base of registered members grew at a compounded annual growth rate of 76% between 2008 and 2010.

In addition to its growing member base, LinkedIn also reported growing revenues. In 2010, the company net revenue more than doubled to $243.1 million from $120.1 million in 2009. Even more surprising, net income rose sharply to $15.4 million from -$3.9 million in 2009.

All of this leads to some mouth-watering fantasies for the day Facebook goes public. With some 600 million members, Facebook has a user base six times larger than LinkedIn’s–not to mention a valuation some 7.5 times higher than LinkedIn’s current $8 billion.

And then there’s Twitter, which has some 300 million registered users–which is triple that of LinkedIn–with some 460,000 new accounts being added each week. And of course, there was Twitter’s recent speculated (and highly controversial) valuation of some $7-$10 billion (even though its yearly revenue is only $100 million–fifty times less than a $7 billion valuation).

Or one can look at Groupon, which is rumored to be considering an IPO this year at a $20 billion valuation. As of March 2011, Groupon had some 70 million subscribers, which is obviously 32 million less than LinkedIn, but Groupon’s growth has been a force to reckon with. The company is no longer sharing its metrics, but my guess is that Groupon is up to 90 million subscribers today.

So what does all of this mean? Of course there’s the ominous “tech bubble” talk, which LinkedIn CEO Jeff Weiner brushed off when a CNBC reporter brought it up this morning. ”At the end of the day, it’s not about the share price — it’s about our continuing to execute,” he said.

Earlier this week, LinkedIn surprised many by raising its IPO share price from between $32 and $35 to between $42 and $45. But the outlook appeared somewhat dim given the recent flop of Renren (RENN), which debuted on Wednesday, May 4, at $19.50, and by the end of the day, it was down $18.01. As of 10:48 EDT today—just two weeks after debuting on the market—Renren is down to $13.92. Although it’s worth noting that that is a slight uptick from its share price yesterday, which closed at $12.84.

Yahoo to shut down Yahoo Buzz from  tomorrow i.e., April 21,2011.

Yahoo Buzz, the famous web portal that is used by website publishers to post their content to the world and attract millions of Yahoo users via Yahoo buzz, is about to be axed and killed as Yahoo! other service Mybloglog.

A blog post from Yahoo said that the website will be inaccessible from 21 April. It wrote, “As of this date, you will be unable to access the Yahoo! Buzz site. This was a hard decision. However this will help us focus on our core strengths and new innovations. check the official announcement.”

Not only Buzz, an anonymous user who leaked the Buzz axing information at Twitter, also claimed that Yahoo will shut down other services like Delicious.

Wicked! The axing of Buzz is the continuation of Yahoo’s mission of cutting down its services.

The readers should know that Yahoo started the service cut down with Mybloglog. Again, an important factor to note here is that Mybloglog solely depends on Bloggers and web publishers. Small web owners, as well as bloggers, use mybloglog to gain traffic to their sites.

In my view, i think Yahoo is fed up of  giving the attraction to web owners and gaining no advertising values. Cutting down of Buzz as well as Mybloglog by Yahoo in my view is the perfect example of Yahoo’s frustration with other websites

Are you an Yahoo buzz user? Whats your reaction on Yahoo’s most unexpected decision? Share with us via comments.

Free WordPress themes:  Where can i get a free wordpress theme? If this is your query then i say i can refer you to them.

WordPress theme, a template that every website owner wishes to purchase for their site, is again a search tag buzz as always in Google.

What i will do is  I will just refer you to the official WordPress website where you can get Free WordPress themes.

Some of the Free WordPress design include

Platform:

Platform is an drag-and-drop theme-design framework for WordPress and HTML5. It will help you do amazing things with your site, faster & easier than ever before. Designed and developed by PageLines in California. Twitter @pagelines

Evolve:

EvoLve is a premium WordPress theme with advanced features including lots of options. It features a modern design with up to 14 color variants, fully customizable layout, post excerpts with thumbnails, post boxes, author gravatar support, up to 10 subscribe/social customizable buttons, custom logo, header widgets, recent posts slideshow, footer widgets, custom footer, customizable font styles, custom CSS, ads spaces. The EvoLve theme also comes with custom Menus support and other cool features. Translated in Spanish, German, Swedish, Dutch, French, Russian, Turkish. Tested with WP 3.1 and major browsers – Mozilla Firefox, Internet Explorer, Opera and Chrome.

Visit here and get your free wordpress theme

Looks like Google’s new CEO Larry Page is feeling the heat. He has promoted at least seven executives to head key parts of the company. The management reshuffle is an attempt at streamlining a bureaucracy that’s sometimes bogged down Google even as it became the world’s most valuable Internet company.

Page, Google’s 38-year-old co-founder, took over from Eric Schmidt, who is staying on as executive chairman. Page has made it a top priority to cut out the bureaucracy and speed up innovation at Google, which is facing threats from new startups, such as Facebook, Twitter and the online deals company Groupon.

These companies have built their success on “social,” the buzzword that defines the latest generation of Internet icons. Google, whose bread and butter is online search, hasn’t been all that successful in building up the social side of its products.

The seven executives, all holding the title of senior vice president, are:

• Andy Rubin, its top mobile executive;

• Salar Kamangar, the head of video site YouTube;

• Sundar Pichai, who’s in charge of the Chrome browser and operating system effort;

• Alan Eustace, senior vice president for engineering and research;

• Jeff Huber, senior vice president of commerce and local;

• Vic Gundotra, who leads social ventures; and

• Susan Wojcicki, who heads ads.

Some already had the senior vice president title before the latest change.

Ben Schachter, an analyst with Macquarie Capital, said the management changes are not surprising overall. But he said Page’s decision to elevate “social” to make it a separate group on par with ads or search shows a clear concern over the threat from Facebook and others.

Google reports its first-quarter earnings Thursday.

Shares of Google, which is based in Mountain View, Calif., slid $1.84 to close Friday at $578.16.

Source : Yahoo

Last Monday, the WWE Raw went very serious as the people champion “The Rock” seemed very angry on the way  John Cena responded to him.

Rock questioned Cena’s way of reply stating,” The Rock addressed you like a man, but you (Cena) reply with a rap?”

Rock repeated the following line three times, “You replied to ‘The Rock’ with the rap”. The Rock sure locked very serious at the promo.

However, John Cena has responded today in this twitter account, Cena says

CeNation. Now in dallas. Seeing that a lot of people want me to respond to what rock said on mon. Im not sure. He got mad last time I did:)

The Rock will address Cena face to face, these were the words from Dwayne Johnson (a/k/a The Rock).

Cena’s twitter comments looks he is bit hesitant to respond back to the Rock.

Do you think Cena is afraid of the Rock and his millions and millions of Rock fans?

Lets wait and watch, how the following WWE Raw episodes unfolds.

Well, what do you know! we now have “The Awesome” WWE champion The Miz in a new movie role.

IMDB.com lists WWE performers Mike Mizanin (a/k/a The Miz) and Layla El (a/k/a Layla) as cast members of the upcoming movie Stainless Steel (2012).

The synopsis of the film reads: “Former underground out-law, John Steel is hired from the CIA to bring down 4 members of a silent corrupt group within the FBI.”

I think, The Miz is going to hit a jackpot with the WWE. finally WWE has motivated and recognized a  superstar other than John Cena and Triple H.

I still feel, have they shown the same sort of compassion with Batista, he might have not left WWE!

Merlins beard, i couldnt believe on the email which i just received from Yahoo!  In the email, Yahoo officially states ” MyBloglog Service is to be discontinued”

can you believe it? I couldnt believe my eyes on what i am seeing.

What is Yahoo! MyBloglog?

For those who are unaware, let me first tell you what Yahoo! MyBlogLog is. MyBlogLog, is a yahoo service that lets bloggers see who their readers are and help the readers to interact with the authors in return.

MyBlogLog was acquired by Yahoo in early 2007 for $10 million, and at the time, provided a way for bloggers to easily create a community for their readers

Official Yahoo! website says, the reason for dropping the MyBlogLog service is due to the emergence of Facebook and twitter,that made the yahoo based service to decline for months which led them to drop the service.

I am really surprised to see Yahoo! abandoning its service. Its not daily we come across a giant like Yahoo to cut off its service.

Yahoo also reports they are also considering to abandon Delicious service later this year.

The Email which Yahoo sent to all of its MyBlogLog users continues below,

Dear MyBlogLog Customer,

You have been identified as a customer of Yahoo! MyBlogLog. We will officially discontinue Yahoo! MyBlogLog effective May 24, 2011. Your agreement with Yahoo!, to the extent that it applies to the Yahoo! MyBlogLog, will terminate on May 24, 2011.

After May 24, 2011 your credit card will no longer be charged for premium services on MyBlogLog. We will refund you the unused portion of your subscription, if any. The refund will appear as a credit via the billing method we have on file for you. To make sure that your billing information is correct and up to date, visit https://billing.yahoo.com.

Questions?
If you have questions about these changes, please visit the Yahoo! MyBlogLog help pages.

We thank you for being a customer on Yahoo! MyBlogLog.

Sincerely,

The Yahoo! My BlogLog Team