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In June 2008, Sequoia Capital, Greylock Partners, and other venture capital firms purchased a 5% stake in the company for $53 million, giving the company a post-money valuation of approximately $1 billion. In February 2008, LinkedIn launched a mobile version of the site. In April 2007, LinkedIn reached 10 million users. In March 2006, LinkedIn achieved its first month of profitability. In August 2004, LinkedIn reached 1 million users.

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In late 2003, Sequoia Capital led the Series A investment in the company. The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri). History Founding from 2002 to 2011 įormer LinkedIn headquarters on Stierlin Court in Mountain View, California LinkedIn filed for an initial public offering in January 2011 and traded its first shares in May, under the NYSE symbol 'LNKD'. Based in the United States, the site is, as of 2013, available in 24 languages. Īccording to a 2016 The New York Times article, US high school students were creating LinkedIn profiles to include with their college applications.

Since January 2011 the company had received a total of $103 million of investment. LinkedIn reached profitability in March 2006. It was funded by Sequoia Capital, Greylock, Bain Capital Ventures, Bessemer Venture Partners and the European Founders Fund. Reid Hoffman, founder of LinkedIn, is chairman of the board. Jeff Weiner, previously CEO of LinkedIn, is now the Executive Chairman.

In May 2020, the company had around 20,500 employees. Company overview įounded in Mountain View, California, LinkedIn is currently headquartered in Sunnyvale, California, with 33 global offices.

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LinkedIn can also be used to organize offline events, join groups, write articles, publish job postings, post photos and videos, and more. Members can invite anyone (whether an existing member or not) to become a connection.

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LinkedIn allows members (both workers and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. As of March 2023, LinkedIn has more than 900 million registered members from over 200 countries and territories. Since December 2016, it has been a wholly owned subsidiary of Microsoft. From 2015 most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. LinkedIn ( / l ɪ ŋ k t ˈ ɪ n/) is a business and employment-focused social media platform that works through websites and mobile apps.

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