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Shortly after the IPO, the site's underlying infrastructure was revised to allow accelerated revision-release cycles. Shares of LinkedIn rose as much as 171% on their first day of trade on the New York Stock Exchange and closed at $94.25, more than 109% above IPO price. The company traded its first shares on May 19, 2011, under the NYSE symbol "LNKD", at $45 per share. LinkedIn filed for an initial public offering in January 2011. LinkedIn office in Toronto inside the Toronto Eaton Centre LinkedIn started its India operations in 2009 and a major part of the first year was dedicated to understanding professionals in India and educating members to leverage LinkedIn for career development. By December, the company was valued at $1.575 billion in private markets. 10 on its Top 100 List of most valuable startups. In October of that year, Silicon Valley Insider ranked the company No. In 2010, LinkedIn opened an International Headquarters in Dublin, Ireland, received a $20 million investment from Tiger Global Management LLC at a valuation of approximately $2 billion, announced its first acquisition, Mspoke, and improved its 1% premium subscription ratio. In November 2009, LinkedIn opened its office in Mumbai and soon thereafter in Sydney, as it started its Asia-Pacific team expansion. In June 2008, Sequoia Capital, Greylock Partners, and other venture capital firms purchased a 5% stake in the company for $53 million, giving the company a post-money valuation of approximately $1 billion. In February 2008, LinkedIn launched a mobile version of the site. In April 2007, LinkedIn reached 10 million users. In March 2006, LinkedIn achieved its first month of profitability. In August 2004, LinkedIn reached 1 million users.
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In late 2003, Sequoia Capital led the Series A investment in the company. The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri). LinkedIn filed for an initial public offering in January 2011 and traded its first shares on May 19, 2011, under the NYSE symbol "LNKD". Based in the United States, the site is, as of 2013, available in 24 languages, including Arabic, Chinese, English, French, German, Italian, Portuguese, Spanish, Dutch, Swedish, Danish, Romanian, Russian, Turkish, Japanese, Czech, Polish, Korean, Indonesian, Malay, and Tagalog. Īccording to the New York Times, US high school students are now creating LinkedIn profiles to include with their college applications. Through January 2011, the company had received a total of $103 million of investment. LinkedIn reached profitability in March 2006. It was funded by Sequoia Capital, Greylock, Bain Capital Ventures, Bessemer Venture Partners and the European Founders Fund. Reid Hoffman, founder of LinkedIn, is Chairman of the Board. Jeff Weiner, previously CEO of LinkedIn, is now the Executive Chairman. In May 2020, the company had around 20,500 employees.
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LinkedIn can also be used to organize offline events, join groups, write articles, publish job postings, post photos and videos, and more. Members can invite anyone (whether an existing member or not) to become a "connection".
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LinkedIn allows members (both workers and employers) to create profiles and "connect" with each other in an online social network which may represent real-world professional relationships. As of September 2021, LinkedIn has 774+ million registered members from over 200 countries and territories. Since December 2016, it has been a wholly owned subsidiary of Microsoft. As of 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. LinkedIn ( / l ɪ ŋ k t ˈ ɪ n/) is an American business and employment-oriented online service that operates via websites and mobile apps.
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