profile updated Apr 15, 2008, 1:52 PM
LinkedIn is the Facebook of the professional world. It is rapidly gaining momentum as a recruiting tool by recruiters and job seekers. This social networking site has exploded in growth and buzz.
In 2007 alone, its member base went from 8 million to 17 million. LinkedIn allows professionals to post their profiles and to connect with current and former co-workers, business acquaintances, and friends. Large extended networks are created by enabling members to reach out to “friends of friends”.
LinkedIn is increasingly being used as a sourcing tool by recruiters and companies who are able to reach out to thousands of passive and active candidates. Recruiters who join LinkedIn can use it as a tool to source job candidates for specific jobs. Recruiters can email job listings to one or more members, or contact them either directly or indirectly through the recruiters’ own network or through an expanded network (friend of a friend, etc…). LinkedIn is also valuable for reference checking – as you can reach out to former colleagues of the job applicant.
LinkedIn is increasingly adding opportunities for targeted advertising, and is already being used as a recruiting tool by companies that include Google and Microsoft.
In researching the company we found a number of estimates of its revenue; Michael Arrington over at TechCruch said that for 2006 it was “something north of $10 million”; Marketwatch estimated revenue at $45 million to $60 million for 2007. Ever-conservative Hoover’s estimates revenue for 2007 at $3 million. While the company won’t disclose revenue, it insists it has been profitable since March 2006.
News & Updates 
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LinkedIn Closes Its Round; Got That Billion Dollar Valuation (TechCrunch)
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A Billion For LinkedIn? (ere)
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LinkedIn to End Free Service (Linked Intelligence)
Before you panic, this an April Fool's joke. But it's got just enough plausability that it's convinced more than a few folks that LinkedIn really is going to start charging everyone.
Apr 1, 2008, 10:01 AM -
LinkedIn Now Offering Network RSS Feeds (TechCrunch)
LinkedIn is now offering RSS feeds for network updates. The feature allows users to track updates and connections across their LinkedIn network via their favorite RSS Reader. Mar 28, 2008, 10:31 AM -
LinkedIn, Now For Companies (TechCrunch)
LinkedIn, the boring social network that won’t find you a date but may land you a job, is expanding beyond people profiles. Mar 20, 2008, 6:51 PM
Products & Services
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Job Posting
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