Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Social Media

LinkedIn has grown 61% in the last year, revenues up 120%

Novelty Linked-In chocolates, photo by Nan Palmero.

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.

Advertisement. Scroll to continue reading.

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

The American Genius is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, economics and more, so you don’t have to.

15 Comments

15 Comments

  1. Joe Loomer

    August 5, 2011 at 8:11 am

    Amazing growth! I've found LinkedIn to be an outstanding networking site for business, and have been able to help several past and present clients get in touch with employers in various industries – most notably military retirees seeking work in the Intelligence and Cryptologic fields. I strongly suggest you ensure your profile includes ALL of your past positions with easy-to-understand, brief descriptions. An excellent referral source! Check out the groups! Join them!

    Navy Chief, Navy Pride

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

Large auto insurers are reconsidering covering some models after TikTok videos demonstrating theft go viral, a double whammy for owners.

Social Media

TikTok is making a shift to cement the platform as the most attractive spot for sponsored creators ("talent").

Social Media

(Social Media) Reddit's UI hasn't always been super intuitive. 'Deck for Reddit' organizes your feed into themed columns, making it way more user-friendly.

Tech News

Creeping, stalking, checking...whatever you call it, we all do it. Here's how to look at a LinkedIn profile privately.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.