Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Application Security

7/28/2010
11:51 AM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

LinkedIn Valued At $2.26 Billion

Business networking site's value has more than doubled in two years.

LinkedIn is valued at $2.26 billion, following Tiger Global Management hedge fund's recent $20 million investment in the professional networking site, according to Bloomberg.

Tiger Global, which also invested recently in online game developer Zynga, now has a 1% stake in LinkedIn. Reportedly, the investment firm paid $21.50 per share. Both LinkedIn and Zynga are widely viewed as IPO candidates.

"It's relatively low risk for these companies to buy pre-IPO and gives them the benefit that generally they're going to trade up," said Ted Hollifield, a partner at law firm Dorsey & Whitney LLP, who works with venture capital firms and startups, told Bloomberg.

Neither LinkedIn nor Tiger Global would comment to Bloomberg.

The site, which was founded in December 2002 and launched in May 2003, had 29 million users in the fall of 2008. At that time, following additional funding from SAP Ventures, Goldman Sachs, and the McGraw-Hill Companies, LinkedIn was valued at $1 billion.

The company earns revenue through its premium subscription business; ad sales, and via its corporate recruitment solutions. In 2008, LinkedIn was on track to earn revenue of $100 million, according to published reports. In 2009, the company's ad sales were up 50% year-over-year and the business was still profitable, CEO Jeff Weiner told Business Insider.

LinkedIn has about 70 million members, and executives from every company in the Fortune 500 are represented on the site. Three-quarters of its network are university educated and 50% of LinkedIn's members are in decision-making positions, according to SharesPost.

Members span 200 countries and the site is available in English, Spanish, French, and German. For example, LinkedIn's Indian membership recently surged to 5 million members.

Although Facebook use is far more widespread -- that site just hit the 500 million user milestone -- LinkedIn has many loyal account-holders. In one study of mobility engineers who work in the aerospace, automotive, and commercial-vehicle industries, LinkedIn was the biggest draw, with 84% of respondents saying they use the site, followed by 59% who said they use Facebook.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/28/2020
Stay-at-Home Orders Coincide With Massive DNS Surge
Robert Lemos, Contributing Writer,  5/27/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Can you smell me now?
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11844
PUBLISHED: 2020-05-29
There is an Incorrect Authorization vulnerability in Micro Focus Service Management Automation (SMA) product affecting version 2018.05 to 2020.02. The vulnerability could be exploited to provide unauthorized access to the Container Deployment Foundation.
CVE-2020-6937
PUBLISHED: 2020-05-29
A Denial of Service vulnerability in MuleSoft Mule CE/EE 3.8.x, 3.9.x, and 4.x released before April 7, 2020, could allow remote attackers to submit data which can lead to resource exhaustion.
CVE-2020-7648
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.72.2 are vulnerable to Arbitrary File Read. It allows arbitrary file reads for users who have access to Snyk's internal network by appending the URL with a fragment identifier and a whitelisted path e.g. `#package.json`
CVE-2020-7650
PUBLISHED: 2020-05-29
All versions of snyk-broker after 4.72.0 including and before 4.73.1 are vulnerable to Arbitrary File Read. It allows arbitrary file reads to users with access to Snyk's internal network of any files ending in the following extensions: yaml, yml or json.
CVE-2020-7654
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.73.1 are vulnerable to Information Exposure. It logs private keys if logging level is set to DEBUG.