QUOTE AND NEWS
TechCrunch  Jul 19  Comment 
Voyage, the autonomous driving startup that currently operates self-driving cars in retirement communities, has brought on its first CTO, Drew Gray. Gray most recently worked at Uber as its director of engineering, leading the deep learning and...
TechCrunch  Jul 12  Comment 
Goodwall, a US-focused student and graduate professional network which aims to connect young people with college and employment opportunities, has closed a $10.8 million Series A funding raise. The round was led by Randstad Innovation Fund, a...
New York Times  Jul 5  Comment 
New Yorkers are making deals, finding investors and peddling their wares in the back seats of strangers’ cars across the city.
MarketWatch  Jul 3  Comment 
Amazon, Alphabet, Salesforce and Facebook may top LinkedIn’s list of the best companies to work for in the U.S., but when it comes to the jobs paying the most across the country, energy and health care are where it’s at.
Yahoo  Jul 2  Comment 
It’s not clear if the latest upgrade to LinkedIn is one that Microsoft (NASDAQ:MSFT) had in mind back in 2016 when it acquired the professional networking website. It was a question mark for Microsoft at first, but there’s no denying it is...
Forbes  Jul 2  Comment 
In this week’s “Social Media Roundup,” you will learn about some new features Facebook is testing, LinkedIn’s translation and QR code features, Lite versions of Instagram and Spotify, music for Instagram Stories and much more!
TechCrunch  Jun 28  Comment 
LinkedIn — the social network with more than 560 million members who connect around work-related topics and job-seeking — continues to add more features, integrating technology from its new owner Microsoft, both to improve engagement on...
TechCrunch  Jun 22  Comment 
In what appears to be the latest salvo in a new, wired form of protest, developer Sam Lavigne posted code that scrapes LinkedIn to find Immigration and Customs Enforcement employee accounts. His code, which basically a Python-based tool that scans...
Clusterstock  Jun 13  Comment 
Tesla is firing around 9% of its employees. Some former employees have shared their experiences on LinkedIn, taking a mostly positive tone. Like Instagram, LinkedIn encourages users to present an idealized version of themselves. On...




 
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LinkedIn (NYSE:LNKD) is an online professional network. Members of the network can use the platform for free to create and manage their professional identity, engage with other professionals, and access relevant business information. Through the platform, LinkedIn allows professionals to communicate with one another and ultimately find new careers and business opportunities.[1] LinkedIn makes money in three ways. First, it provides organizations with hiring solutions. These solutions allows enterprises to advertise job postings to members based on key qualities, such as location, experience, and education. This allows organizations to contact potential employees who are not actively searching for a job. Next, it sells display advertisement space on the site to marketeers. Finally, it allows members to upgrade to paid, premium subscriptions. Premium subscriptions allow members, acting as an individual or on behalf of a company, to view enhanced search results, gain additional channels of communication, and receive priority customer support.[2]

While LinkedIn remains focused on general professional networking, there is a trend in the industry to move towards specialized knowledge sharing, collaboration, and networking. For example, Stackoverflow provides a question and answer service as well as a career service for computer programmers. Other sites have focused on discussion, collaboration, and interaction between and among employees and potential employers. These services allow members two main benefits. First, they can find specific answers to their specialized questions. Second, they can interact directly with relevant companies in their field. LinkedIn's generality and lack of specialty within the professional network space does provide benefits, but the company may refocus on this trend.[3][4]

The company's initial public offering of stock on the NYSE occurred on May 18, 2011. The company offered 7.8M shares each for $45. This was at the high end of the revised price range of $42-$45. The company had originally announced an initial price range of $32-$35. The offering raised a total of $353M. The final offering was 35% larger than had the pricing occurred at the midpoint of the initial range. The lead managers of the IPO were Morgan Stanley (MS), Bank of America (BAC), and J P Morgan Chase (JPM).[5]

The company's first day 109% return was the fifth largest for an IPO in the post bubble era. [6]

For the full year 2010, LinkedIn reported a total revenue of $243M and a net income of $14.5M. Revenue increased by 103% over the previous year, and net income increased from a net loss $4M.[7]

  1. LNKD S-1/A 2011 PROSPECTUS SUMMARY "LinkedIn Corporation" pg 1-2
  2. LNKD S-1/A 2011 PROSPECTUS SUMMARY "How We Generate Revenue" pg 45-46
  3. LNKD S-1/A 2011 PROSPECTUS SUMMARY "LinkedIn Corporation" pg 1-2
  4. Seeking Alpha "LinkedIn: IPO Will Place Company at Strategic Crossroads" 21 Feb 2011
  5. Renaissance Capital - IPO Home "LinkedIn prices IPO at $45, high end of revised range" 18 May 2011
  6. Template:Cite news
  7. LNKD S-1/A 2011 PROSPECTUS SUMMARY "Summary Consolidated Financial Data" pg 10-11
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