LinkedIn tops 100 million members

The social-networking site plans a $175 million initial public offering this year. With video updates.

By Kim Peterson Mar 22, 2011 1:19PM
LinkedIn, the social-networking site focused on business relationships, hit 100 million members this week. That's good news for the company as it heads into its $175 million initial public offering.

The site adds about 1 million members every week, the company said in a blog post. More than half of its members are outside the U.S., with the fastest growth coming from Brazil, Mexico, India and France.

Of all the major social-networking sites, LinkedIn is the one I use the least. But other people seem to like it. The company says nearly 1 million of its members are teachers, 1,030 are chocolatiers and 74 are "Elvis tribute artists."

Post continues after this video about LinkedIn and other networking sites:
LinkedIn is especially popular with employees of eBay (EBAY), Apple (AAPL), Cisco Systems (CSCO) and Amazon (AMZN), based on the percentage of those employees who logged on in 2011.

In its pre-IPO filings with regulators, LinkedIn said it brought in $161 million in revenue for the first nine months of 2010. That's double the $80.6 million in revenue it received during the same period in 2009. But profit for the first nine months of 2010 was only $10 million.

At least the company was profitable. In 2009, LinkedIn reported a $3.9 million net loss. The company had about $90 million in cash at the end of September.

1Comment
Mar 22, 2011 4:30PM
avatar
Linkedin use to be a great resource for connecting with other professionals....ever since the original founder sold out they seem to be all about how much money they can make. People don't respond back to you as much as they use to. After it becomes a public company they will become just another monster or career builder with a different venue.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

123
123 rated 1
262
262 rated 2
480
480 rated 3
651
651 rated 4
649
649 rated 5
629
629 rated 6
616
616 rated 7
496
496 rated 8
346
346 rated 9
111
111 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
EXCEXELON CORPORATION9
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.