Statistics and facts about LinkedIn

LinkedIn is a social networking site for professionals. With over 380 million members worldwide, it is one of the most popular social networks in terms of active users. Available in over 24 languages in more than 200 countries, the website focuses on business connections and industry contacts for employers and working professionals, allowing companies to present themselves through online pages and for users to find job listings and to enhance their connectedness in their area of expertise.

LinkedIn generates revenue from three different sources: hiring solutions are the largest contributor to the company’s revenue, followed by advertising and premium subscriptions. LinkedIn’s annual revenue in 2014 amounted to almost 2.2 billion U.S. dollars with the majority of revenues being generated through field sales.

Members can utilize the network to research people and companies, to connect with past business associates and colleagues as well as to build new relationships with influencers. In contrast to many other social networks, LinkedIn enables users to see who recently viewed their profile – a feature that most internet users find very helpful in fostering networking contacts.

LinkedIn is a popular tool for online recruiting with a near-universal usage amongst social recruiting channels. According to industry statistics, LinkedIn has the highest utilization rate in successfully placing a candidate. LinkedIn filed for an initial public offering in January 2011 and made its debut on the stock market four months later on May 19.

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Picture: LinkedIn