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462 days ago
LinkedIn’s 150 million users

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On Thursday LinkedIn announced it now has 150 million members in its network, that is a massive 20 million increase over November.

The figure was revealed in a press release announcing the LinkedIn’s fourth quarter and full-year  results for 2011.

The company posted revenues in the amount of of $167.7 million, smashing the analysts’ Q4 predictions of $160 million. Adjusted profit was $0.12 cents per share, which exceeded analysts’ projections of 7 cents a share. LinkedIn’s stock was up more than 5% in after-hours trading.

The Q4 income figure was a 105% jump over the same period in 2010. Revenues for full-year 2011 was $522.2 million, a 115% increase over 2010′s $243.1 million. Hiring Solutions were again the company’s largest source of income, providing $84.9 million for the quarter. Marketing Solutions brought in around $49.5 million, while revenues from Premium Subscriptions added up to $33.3 million.

“Q4 once again exceeded our expectations for member engagement and business growth. It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web,” said CEO of LinkedIn, Jeff Weiner,  “We believe continued focus on our members and technology infrastructure positions us well for accelerated product innovation in 2012.”

Linkedin recently continued to expand with their purchase of Rapportive.

One thought on “LinkedIn’s 150 million users”

  1. I have used Linked In as a strong social media connection. I started doing this years ago and it proved profitable to me. It was my “hidden secret weapon” as I used to call it.
    I find that using Linkedin is a powerful social tool.
    Donna Merrill

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LinkedIn has reportedly bought contact management startup Rapportive. The startup — which displays and aggregates the social networking accounts of ...