INTERNET: Behind the sensational debut of LinkedIn stock market, the return of bubbles?

In Champagne, there are lots of bubbles. The leaders of the social network LinkedIn for professionals have had to drink a lot yesterday, noting the dramatic increase in group action at its first trading day. But have they asked if the drink was not too strong an aftertaste of Internet bubble?

At first blush, LinkedIn has indeed something to celebrate. The California company has filled the pockets during its IPO. She succeeded on Thursday, raising $ 352 million by selling nearly 8 million shares at 45 dollars each.The group noted the purchase price the day before his arrival on the market, raising it from 32 to 45 dollars.

When quotations on Wall Street have begun, the transactions are packed. The action of LinkedIn jumped in one day by 109%. The Bourse closed with action LinkedIn to $ 98, after passing a time, the symbolic $ 100. After this crazy day, LinkedIn has a market value of $ 8.9 billion - more than 570 times its revenue in 2010.

An economic model different from Facebook

Everyone seemed to want to acquire this Thursday from the IPO, the largest for a U.S. company web since Google in 2004.LinkedIn, born in 2003, has about 100 million users. This social network is unique in that go mainly to professionals draws about half its income from the investment of vacancies.

A special feature compared to the giant Facebook which all - or almost - the money comes from advertising.LinkedIn's business model would be attractive to investors who bet on economic recovery, and its accompanying ads: more and more people will seek to recruit on the site.

LinkedIn's market performance was described by analysts as "surprising" by the New York Times or "tulip mania" in the Wall Street Journal (in reference to the explosion in the price of tulips in the Netherlands in the seventeenth century that was followed by a dramatic collapse in the value of these flowers).The newspaper said that U.S. economic LinkedIn has only 15 million dollars in profits last year.

Inflation dangerous?

This market success may indeed have a bitter taste for LinkedIn and all players in the Internet sector. The leaders of the social network may wonder if they have not been fooled by the banks - like Bank of America and Morgan Stanley - who advised them to price their work at 45 dollars and took charge of selling at this rate. Because these institutions were then forced to sell their clients the same shares at prices much higher."It is as if a real estate agent found a buyer for your home $ 1 million, and the next day allowed the new owner to sell $ 2 million," says Friday, Silicon Valley Insider, a site specialized in new technologies.

The other concern relates to the entire Internet sector. "The specter of a new bubble is more present than ever," notes the Economist in a blog post. The evolution of LinkedIn on the secondary market - where the shares traded companies before their IPO - good example of this price inflation: there is another year, it was possible to buy a stake in the social network professional for less than $ 20.Given the success of the first IPO, the value of similar businesses in the secondary market could explode. However, these companies do not generally publish information about their financial situation before their IPO.

LIBYA: France recognizes the Libyan National Transitional Council

AFP - France said on Thursday the National Transitional Council (CNT) of Libya, which includes opposition to the regime of Colonel Muammar Gaddafi, as the only "legitimate representative of the Libyan people" and will soon send an ambassador to Benghazi, said the Elysee.

"France has recognized the Transitional National Council as the legitimate representative of the Libyan people," he announced to the press an emissary of the CNT, Ali Essaoui after a meeting with Nicolas Sarkozy at the Elysee.

This information was immediately confirmed by the Presidency of the Republic, making France the first country to recognize the NLC as the sole representative "legitimate" of the Libyan people.

"Based on this recognition, we will open a diplomatic representation, so our embassy in Paris, and an ambassador of France will be sent to Benghazi," said Mr. Essaoui."The ambassador will be installed temporarily in Benghazi, before returning to Tripoli," he added.

The next exchange of ambassadors between Paris and Benghazi was also confirmed in the wake of the Elysee.

This recognition comes on the eve of a special summit of Heads of State and Government of the European Union (EU) in Brussels on Friday, in which Nicolas Sarkozy will propose a "comprehensive plan" on the Libyan crisis.

"There will be a strategic plan to be proposed by France tomorrow (Friday) before the European Council," said another of the emissaries of the Libyan opposition received by Nicolas Sarkozy, Mahmoud Jibril.

"The president told us that there was a comprehensive plan that would be proposed and adopted to address the situation but at a European level, to work for the Libyan people and save the Libyan people's sufferings and massacres perpetrated against him, "said Mr. Jibril, whose remarks were translated into Arabic.

The Elysee Palace confirmed that the plan would be presented Friday to the member countries of the EU, without giving further details.

Nicolas Sarkozy is the first Head of State or Government of 27 to receive official representatives of the Libyan opposition.After the interview, he escorted the three emissaries of CNT on the steps of the Elysee Palace and shook hands at length to reporters.

The French initiative contrasts with the withholding expressed so far by the EU, whose foreign minister Catherine Ashton on Wednesday refused to Strasbourg to support the application of CNT to be recognized as the sole legitimate authority in Libya, yet supported by the European Parliament.

TUNISIA: A Polish priest murdered by extremists near Tunis

Insecurity in Tunisia and the risk of pushing fundamentalist were illustrated Friday with the murder of a Polish priest found murdered "by extremists" near Tunis, officials said, and the attack of street prostitutes by Islamists who wanted to set fire to the center of the capital.

This is the first murder of both a religious and a foreigner since the fall of the regime of Ben Ali on January 14.

The priest, aged 34, was found dead "murdered" on Friday in a private school in the region Manouba, told AFP a source close to the Tunisian Ministry of the Interior.

It is "a fascist terrorist group with extremist orientations who is behind this crime, given the way he was murdered," the ministry said in a statement without specifying whether this was the Islamists.

Marek Rybinski was found murdered in the garage of a private religious school where he was responsible for accounting.He was assaulted before being murdered, the ministry said cited by the official news agency TAP.

An outbreak of fever had arisen in the Islamic afternoon in Tunis: dozens of them have attempted to set fire to a street where prostitutes work.

"The Islamists have tried to enter the street Abdallaah Guechi to burn," he told AFP Tunisian policeman under cover of anonymity. A major brothels in Tunis is located in the street near the Medina.

"Residents have prevented them from returning to this street until the arrival of agents of security forces who blocked the entrance prohibiting passage.They then managed to disperse the demonstrators, "said the policeman.

This area was flown for several hours by several army helicopters.

"Some groups have tried to enter the street but the police already knew that protesters were coming.They blocked the exits and now the street is guarded by the police and the army, "said one trader.

The Islamists had earlier expressed in the inner city, shouting "No to places of prostitution in a Muslim country."

"We demanded the closure of this street, we are in a Muslim country and we must apply what Islam requires," said one of them, Hamza, 21.

Last week, the Tunisian Jewish community had expressed its concern to the government after anti-Semitic incidents at the Great Synagogue of Tunis.

"Here we are vigilant," he repeated Friday the president of the community Roger Bismuth."It is the work of Salafists, the most extreme Islamists trained by the Wahhabis, but there is no soil in Tunisia for the development of Salafism," he added.

Aware of the prevailing security vacuum after the fall of the regime, the government decided last week to recall reservists retired for five years who joined the army on Wednesday.

The government is confronted daily with the instability of many armed robberies, demonstrations of Tunisians desperately calling on welfare and illegal immigration of thousands of Tunisians parties seek employment in Europe.

In an attempt to ease social tensions and meet the demands of a population exasperated by unemployment (14%, double that for young people), the government announced Friday a series of welfare measures aimed at emergency most disadvantaged (financial allocations, tenure of construction workers, allocation of free health care cards).

He also called on social partners to begin negotiations in the private and public key demand of the powerful trade union UGTT, according to his spokesman Baccouch Taieb.

Finally, the government passed a general amnesty for political prisoners. A decree-law shall be announced in "coming days".