LinkedIn now has 90 million users and the IPO information about the Social Media site is most interesting, including revenue over $161 million for the first 9 months of 2010 which was twice the total revenue for 2009. The current estimated IPO value of $2.51 billion is pretty astonishing with only 3 products:
- hiring solutions (job listings),
- marketing solutions (advertising), and
- premium subscriptions.
Those of us who are active on LinkedIn see the great value for networking, and it’s amazing that LinkedIn could have such a market value. Clearly this is an interesting message about the value of Social Media sites like Facebook which has +600 million friends and an estimate $2 billion in revenue in 2010!
Leave a Reply