LinkedIn has come a long way
LinkedIn was created in the living room of co-founder Reid Hoffman in 2002, officially launched in 2003 and within their first thirty days, the site had 4,500 members in the network. Today, the company reports that as of the close of the second quarter, they are seeing new members at a rate of a little over two people per second, and they claim that their 120 million members across the globe makes them the largest professional network online.
“In the second quarter, we saw record levels of members, unique visitors, and page views, while revenue growth further accelerated,” said Jeff Weiner, Chief Executive Officer of LinkedIn. “Going forward, we plan to continue to invest in our team, technology, and products in order to increase the value we deliver to members and realize the full potential of the LinkedIn platform.”
Impressive growth rates
LinkedIn now reports a 61% growth rate over the last year and now sees 81.8 million unique visitors per month, up 83% from the second quarter of 2010.
Those nearly 82 million unique visitors each month now produce 7.1 billion page views, according to LinkedIn, an 80% increase from the second quarter of 2010.
Today, the company reported their second quarter financial results, boasting $121 million in revenue in the quarter, up 120% year over year.
Linked-In stock performance:
Over the past three months, Linked-In stocks took a dip in June but performed quite well since.
Chart via NASDAQ.com.
Second quarter results