LinkedIn Continues its Growth Spurt
LinkedIn, the professional social network, has hit a milestone by surpassing 150 million members.
Additionally, the social network reported revenue of $167.7 million for the fourth quarter of 2011, which is an increase of 105 percent compared to the same time in 2010. This also represents the sixth straight quarter of greater than 100 percent year-over-year growth.
"Q4 once again exceeded our expectations for member engagement and business growth. It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web," says Jeff Weiner, CEO of LinkedIn. "We believe continued focus on our members and technology infrastructure positions us well for accelerated product innovation in 2012."
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