It’s the largest professional social network in the world. ![]() Today, LinkedIn has over 575 million users, with more than 260 million monthly active users. However, this “disaster” didn’t prevent LinkedIn from getting acquired by Microsoft for $26.2 billion, which was the largest Microsoft acquisition at the time. What happened?Īpparently, investors were not impressed by LinkedIn’s 2016 forecast (the company made a prediction that the Q1 revenue would be $820 million instead of the expected $867 million that the analysts were forecasting) and decided to jump ship. LinkedIn continued to grow at a fast pace, but in 2016 it experienced a bit of a hiccup when their shares dropped by 43.6% in a single day, causing them to lose $11 billion in market capitalization. LinkedIn grew explosively between 20, going from around 500 full-time employees to around 2,100 full-time employees, and it had an IPO in 2011. That same year it was ranked No.10 on Silicon Valley Insider’s Top 100 list of most valuable startups. ![]() In 2010, it was valued at around $2 billion, though by the end of the year its value dropped to around $1.5 billion. In 2008, after several venture capital companies purchased a 5% stake in LinkedIn for $53 million, the company was valued at $1 billion (post-money valuation). ![]() In 2004, the company reached 1 million users, in 2006 it had its first profitable month, and in 2007 it hit 10 million users. In 2003, LinkedIn raised a series A Investment round which was led by Sequoia Capital, a venture capital company known for their investment in numerous “unicorns” such as Google, Apple, PayPal, YouTube, WhatsApp, and more.Īnd the LinkedIn team did not disappoint. Uncover performance bottlenecks to deliver a better user experience and hit your business’s revenue goals.
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