Professional social networking company LinkedIn Corp (NYSE:LNKD) has turned ten years old. The company was founded in December 2002, but officially launched on May 5, 2003. Today LinkedIn is a public company with 225 million users that hit nearly $972 million in 2012 revenue. The founders of LinkedIn are Reid Hoffman (Chairman), Allen Blue, Konstantin Guericke, Eric Ly, and Jean-Luc Vaillant. LinkedIn is the go-to website for not just maintaining connections, but also for recruitment purposes.
LinkedIn has updated their iPhone and Android apps. The goal of the new apps are to make it easier for members to discover and engage with professional insights shared on LinkedIn. There is a richer news stream with tailored updates, news, and original posts in the app.
Professional social network LinkedIn has confirmed that they have acquired the popular news reading application called Pulse. LinkedIn acquired Pulse for $90 million in stock and 10% cash. We wrote about the rumor last month. So why did LinkedIn buy a media company?
Professional social network LinkedIn has been developing a new Recruiter tool for the last few months. Today LinkedIn released the new Recruiter tool. Some of the new features include suggested job candidates and a way to find out how many people are looking at the job postings.
Pulse is a news reading application for the iPhone, iPad, and Android. Around 20 million people use the Pulse app to read the news per day and 4 billion stories have been read by users to date. Rumor has it that professional social networking company LinkedIn has is going to acquire Pulse for between $50 and $100 million.
Hewlett Packard is the first company on LinkedIn to hit one million followers. LinkedIn VP of marketing Nick Besbeas said that the company built a following by posting relevant updates and insights. They also used targeted LinkedIn Follow ads. The ads helped HP add around 300,000 followers in a two-month period. HP has around 180,000 Twitter followers and around 2.2 million Facebook followers.
District Court Judge Ronald Buckwalter oversaw a case about whether a LinkedIn account belongs to you. It turns out that Judge Buckwalter claims that a LinkedIn account is not worth anything. According to a post-trial finding, District Court Judge Ronald Buckwalter ruled that Linda Eagle is entitled to her LinkedIn account. Eagle is a former CEO whose company took her LinkedIn account after letting her go.
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