LinkedIn co-founder Reid Hoffman discusses the business networking site's performance on Tuesday, May 7, 2013, in Mountain View, Calif. Listening at right is CEO Jeff Weiner.
This Tuesday, May 7, 2013, photo, shows LinkedIn's Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies' experiences as publicly traded entities couldn't be more different. LinkedIn promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's IPO was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price two years ago.
The logo for LinkedIn Corporation is shown in Mountain View, California, in this February 6, 2013 file photo. LinkedIn Corp forecast second-quarter revenue that fell short of expectations, sending its shares down roughly 8 percent in after hours trading on Thursday.
A combination image shows excerpts of four LinkedIn profiles of UK-based Google employees as displayed on the LinkedIn website. In 2012, a Google executive defended its low UK tax bill by telling parliament the company does not have sales operations in Britain. A Reuters examination raises questions about that. If the UK tax authority were to decide that UK-based employees do sell to British clients, UK law could consider Google to have a tax residence, lawyers and academics say. Google UK Ltd. employed 1,300 people at the end of 2011. The LinkedIn profiles of around 150 London-based employees said they were involved in formulating sales strategy, managing sales teams, closing deals or other sales work. To match Special Report TAX/UK-GOOGLE.
LinkedIn CEO Jeff Weiner has given an iPad Mini to every one of LinkedIn's 3,500 employee, reports BusinessInsider
LinkedIn employee Darain Faraz who works as a communications manager in the company tweeted about this first. Check out his tweet below.
That awesome moment when your CEO dishes out iPad minis to EVERY employee @linkedin @jeffweiner
- Darain Faraz (@darainfaraz) February 13, 2013
Later a LinkedIn spokesperson confirmed the news and said,
We wanted to acknowledge the hard work and accomplishments of all of our employees in 2012. During today's biweekly All Hands meeting, we surprised our employees with iPad Minis as a small gesture of the company's gratitude for their contributions.
LinkedIn Corp extended its hot streak on Thursday, announcing both blow-out quarterly profits and a bullish forecast for the new year that exceeded Wall Street's already lofty expectations.
The results reaffirmed the professional social network's reputation as a fast-growing but sure-footed business - and the star exception in a mostly disappointing social media sector.
Excluding certain items, net income was $40.2 million, or 35 cents a share, well above the 19 cents expected by analysts polled by Thomson Reuters I/B/E/S.
The results meant LinkedIn beat analyst estimates for the seventh quarter in a row and sent shares of the company, which have doubled in the past 12 months, soaring 9 percent higher to $135 after hours.
Revenue rose a better-than-expected 81 percent from a year ago to $303.6 million, as millions of new job seekers and corporate recruiters around the world signed up with LinkedIn to post resumes or poach competitors' employees.
