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Summary:LinkedIn /?l??kt.??n/ is a business-oriented social networking service. Founded in December 2002 and launched on May 5, 2003, it is mainly used for professional networking.
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LinkedIn /?l??kt.??n/ is a business-oriented social networking service. Founded in December 2002 and launched on May 5, 2003, it is mainly used for professional networking. In 2006, LinkedIn increased to 20 million viewers. As of June 2013, LinkedIn reports more than 259 million acquired users in more than 200 countries and territories.

The site is available in 20 languages, including English, French, German, Italian, Portuguese, Spanish, Dutch, Swedish, Danish, Romanian, Russian, Turkish, Japanese, Czech, Polish, Korean, Indonesian, Malay, and Tagalog. As of 2 July 2013, Quantcast reports LinkedIn has 65.6 million monthly unique U.S. visitors and 178.4 million globally, a number that as of 29 October 2013 has increased to 184 million. In June 2011, LinkedIn had 33.9 million unique visitors, up 63 percent fro m a year earlier and surpassing MySpace. LinkedIn filed for an initial public offering in January 2011 and traded its first shares on May 19, 2011, under the NYSE symbol "LNKD".

LinkedIn's CEO is Jeff Weiner, previously a Yahoo! Inc. executive. The company was founded by Reid Hoffman and founding team members fro m PayPal and (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, and Chris Saccheri).

Founder Reid Hoffman, previously CEO of LinkedIn, is now Chairman of the Board. LinkedIn is headquartered in Mountain View, California, with offices in Omaha, Chicago, New York, London, and Dublin. It is funded by Sequoia Capital, Greylock, Bain Capital Ventures, Bessemer Venture Partners and the European Founders Fund. LinkedIn reached profitability in March 2006. Through January 2011, the company had received a total of $103 million of investment.

In late 2003, Sequoia Capital led the Series A investment in the company. 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 2010, LinkedIn opened an International Headquarters in Dublin, Ireland, received a $20 million investment fro m Tiger Global Management LLC at a valuation of approximately $2 billion, and announced its first acquisition, Mspoke, and improved its 1% premium subscription ratio. In October of that year Silicon Valley Insider ranked the company No. 10 on its Top 100 List of most valuable start ups. By December, the company was valued at $1.575 billion in private markets.

Business units

LinkedIn derives its revenues fro m three business divisions:

Talent Solutions: Recruiters and corporations pay for:

Branded corporate page on LinkedIn, complete with careers section.
Pay per click-through Job ads that are targeted to LinkedIn users who match the job profile.
Access to the database of LinkedIn users and resumes.
Marketing Solutions:

LinkedIn advertisers pay for pay per click-through targeted ads.
Premium Subscriptions: LinkedIn users pay for:

LinkedIn Business for business users
LinkedIn Talent for recruiters
LinkedIn JobSeeker for unemployed LinkedIn users looking for a job
LinkedIn Sales for Sales Professionals.
Some elements of the various subscription services are also on a pay per use basis like InMail.

International restrictions

In 2009, Syrian users reported that LinkedIn server stopped accepting connections originating fro m IP addresses assigned to Syria. The company's customer support stated that services provided by them are subject to US export and re-export control laws and regulations and "As such, and as a matter of corporate policy, we do not allow member accounts or access to our site fro m Cuba, Iran, North Korea, Sudan, or Syria."

In February 2011, it was reported that LinkedIn was being blocked in China after calls for a "Jasmine Revolution". It was speculated to have been blocked because it is an easy way for dissidents to access Twitter, which had been blocked previously. After a day of being blocked, LinkedIn access was restored in China.

In February 2014, LinkedIn launched its Simplified Chinese language version named "領英" (pinyin: Lǐngyīng; literally: "leading elite"), officially extending their service in China. LinkedIn CEO Jeff Weiner acknowledged in a blog post that they would have to censor some of the content that users post on its website in order to comply with Chinese rules, but he also said the benefits of providing its online service to people in China outweighed those concerns.

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LinkedIn /?l??kt.??n/ is a business-oriented social networking service. Founded in December 2002 and launched on May 5, 2003, it is mainly used for professional networking.

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