TECH CRUNCH - Oct 31 - LinkedIn has reported its quarterly results, beating analyst estimates on sales of $568M, up 45% YOY. But it also posted a wider net loss of $4.3M, versus to net loss of $3.4 in Q3 2013.
ALLFACEBOOK - Oct 15 - Facebook has carved out a significant niche (66%), but LinkedIn is still the social recruiting network of choice (94%). 93% of recruiters use social networks to support their recruiting efforts. 73% have successfully hired candidates via social media, with 79% of those hires coming via LinkedIn, 26% Facebook and 14% Twitter. 44% of recruiters who have implemented social recruiting have seen improvements in the quality of candidates, 44% have seen a higher quantity of clients and 34% have experienced quicker times to hire.
BOSTON GLOBE - Oct 6 - For US technology companies, China is a difficult, even impossible, place to operate. But LinkedIn has found a way to do business, by being willing to compromise on the free expression. Aside from that, the company has relinquished 7% of its local operation to two well-connected Chinese venture capital firms. LinkedIn’s partnership with two local players — China Broadband Capital and a Chinese affiliate of Sequoia Capital, an American venture capital firm — has helped it manage its relationship with government officials.
TECH CRUNCH - Oct 1 - The company has launched 3 new tools — Decision Boards, University Outcome Rankings and University Finder — focus on college-bound students who are deciding where to apply, what to study and people who might give them some useful advice on the way.
ONLINE MEDIA DAILY - Sep 20 - LinkedIn is asking a judge to dismiss a lawsuit accusing the company of misappropriating users' names and images in order to grow its members. The lawsuit, filed one year ago as a potential class-action, centers on allegations that LinkedIn emails users' friends with invitations to join the service. The consumers who are suing say that LinkedIn violated a California law about endorsements by using their names and images in emails to their friends. LinkedIn now argues that it has a free-speech right to send follow-up emails, on the theory that the service helps people to communicate with each other.
IT WEB AFRICA - Sep 16 - According to research firms World Wide Worx and Fuseware, there are now 3.8M LinkedIn users in South Africa, up 40% YOY. Growth of LinkedIn in SA comes amid a sluggish economy. Other notable rising social networks include Facebook with 11.8M South Africans. 9.2M of them access Facebook on their mobiles. Local social network Mxit is down to 4.9M users from 6.5M one year ago.
RAGAN.COM - Aug 23 - In June, LinkedIn published its 2014 Professional Content Consumption Report. 91% of respondents use LinkedIn weekly to find professionally relevant content. The content that earns clicks and shares are:
Breaking industry news
Long-form content works well, and the best days to publish on LinkedIn are Monday and Tuesday.
ONLINE MEDIA DAILY - Aug 21 - LinkedIn has agreed to pay $1.25M in order to settle a class-action lawsuit stemming from a 2012 data breach when hackers obtained access to the company's servers and then posted 6.4M users' passwords online.
THE MALAY MAIL ONLINE - Aug 9 - Seeking US$1B business by 2017 with planned acquisition of Bizo Inc. for ~$175M. LinkedIn estimates a $50 billion opportunity to sell tools that help companies market to other firms and is beefing up offerings that help businesses find customers and build relationships through emails, advertising and sharing content. Revenue from marketing solutions in Q2 was $106M, up 44% from the prior year. LinkedIn is primarily interested in Bizo’s products that target business customers by paying to promote content they might be interested in, or by displaying advertising. The company plans to discontinue Bizo’s data solutions unit shortly after the transaction. The company is projected to make $2.17B in revenue this year, up from $1.53B in 2013.
IT BUSINESS - Aug 2 - LinkedIn has launched Sales Navigator, which aims to help sellers reach buyers through the social network. Sales Navigator is a software as a service solution, which uses a separate login from a user’s LinkedIn account. The tool also pulls together insights from several accounts, which makes it easier for salespeople who are managing more than just a few accounts and previously had to do manual searches for all of them. Sales Navigator gives salespeople account recommendations for new leads.
READWRITE - July 23 - LinkedIn is buying Bizo, a business-focused marketing firm, for $175M. The company provides advertising tools for businesses, and already worked with LinkedIn to place ads on the site for its customers. With the Bizo acquisition, users might see more ads.
TECH CRUNCH - July 14 - LinkedIn has acquired Newsle. Newsle scans the web to find blogs and articles that mention specific people and then return results including blog posts and articles from the web that are relevant to those connections. The terms of the acquisition were not announced, but Newsle will continue to operate as a standalone product. Newsle was founded in January of 2011 and has raised ~$2.6M.
DAZEINFO - July 4 - According to a ‘2014 Social media marketing industry report’ by Social media examiner, ~92% of marketers considered social media as vital tool for their businesses, up from 86% in 2013. Facebook was voted as ‘Most Important Marketing Platform’ by 54% of marketers. LinkedIn came second (17%) followed by Twitter (12%).
TECH CRUNCH - June 19 - LinkedInJob Search is a free iOS app that will let people search and apply for jobs on the social network. Everything users do on the job search app remains private. The app is now live in the U.S. iOS App Store, with further versions in more markets coming soon. There are already a number of apps in the market that let people look for and apply for jobs on their mobile devices such as CareerBuilder, Monster.com, JIBE, Proven; and Glassdoor.
TECH CRUNCH - June 18 - Rapportive is an email widget that displays contact information pulled from LinkedIn, Facebook, Twitter, and more. It was acquired by LinkedIn in 2012 and now is getting its first big revamp. “Raplets” and “Notes” were being discontinued. Also Facebook and Twitter won’t be displayed in the sidebar unless the contact in question has those sites listed on their LinkedIn profile.
READ WRITE - June 15 - LinkedIn must face a lawsuit brought by customers who claim LinkedIn accessed their external email accounts like Gmail and Yahoo in order to bombard their contacts with unwanted invites. It is in LinkedIn’s terms of service that users give LinkedIn access to their email accounts, and that it will send out invites on their behalf. Nowhere does it explicitly warn them that LinkedIn will follow up with repeated invites, making them look like a needy friends.
VENTURE BEAT - May 29 - G2 Crowd's Sales Intelligence Grid shows that LinkedIn Premium towers above its competitors in the space, including CapitalIQ and Discover.Org. Sales professions rate the service high because the data is up-to-date, as members have incentive to maintain their profiles. The ratings are based on user reviews and market presence.
FORBES - May 26 - LinkedIn now has over 5M members in China, an increase of ~1M since the launch of a simplified beta site on Feb 25. China leads the world in number of internet users and has attracted the attention of U.S. Internet companies. Facebook is looking to open a sales office in Beijing, though their network is currently banned in China, along with Twitter.