Linkedin, Pandora, already down 50% from their intraday highs

LinkedIn and Pandora shares are already down about 50% from their intraday high of about $124 and $22 respectively on the IPO day.

And who got rich in the process? Certainly not the employees with stock grants: Shares granted to employees of public companies can’t be sold until 180 days after the IPO, under U.S. securities rules.