Yep, LinkedIn does have its act together…Except for today, since they have been down for over 2 hours. But having said that, I’m sure the 23 million plus members will let them slide. Especially since it has now been valued at over $1billion! Watch this video and listen carefully. You may understand the thinking that goes into investing in some of the hottest social media companies out there today.
With 23 million members in 150 countries, more than half overseas, LinkedIn has said it could generate as much as $100 million in revenue this year from premium subscriptions, blue-chip advertisers, job listings and corporate services. It’s all part of a massive shift, dubbed Enterprise 2.0, as corporate America increasingly turns to the Web for software and services.
LinkedIn boasts that it averages a new user every two seconds. Research firm Nielsen Online reports that LinkedIn is pulling in 146% more unique visitors year over year.
In May, it was the fourth-most-popular social network, with 7.7 million U.S. visitors. Its audience stats are the kind that impress advertisers as well: The average user is 41 years old and makes about $110,000 a year.