Facts and Statistics about LinkedIn
LinkedIn is a social networking site for professionals. The company was founded in Santa Monica, California in 2003. LinkedIn is run by CEO Jeff Weiner. Co-founder Reid Hoffman, previously CEO of the company, is now Chairman of the Board. LinkedIn operates in more than 200 countries and its user base exceed 150 million.
LinkedIn generates revenue from three different sources: hiring solutions are the largest contributor to the companyís revenue, followed by advertising and premium subscriptions. LinkedIn filed for an initial public offering in January 2011 and made its debut on the stock market four months later on May 19. Initially priced at $45, LinkedInís share price shot up more than 100% on the first day of trading, and the stock closed at $94.25. Since then, LinkedInís stock has had its ups and downs but overall it is performing very well. Compared to other recent tech IPOs, LinkedIn stands out as a positive exception with companies such as Facebook, Groupon and Zynga losing a lot of value since their initial public offerings.