Bookmark and Share

LinkedIn Hit 200 Million Members Mark (LNKD)

Professional networking site, LinkedIn Corporation (NYSE:  LNDK) reported on Wednesday that it now has 200 million registered users worldwide (200 countries and territories), underscoring Company’s consistently growing user base even as number of other social websites grapple with slowing growth.

LinkedIn, having reached 100 million members mark in 2011, added 13 new languages since then with an aim to expand its traction among job seekers, business networkers and hiring managers. The Company boasts to add two members per second, currently. Out of 200 million members, 74 million members are from the U.S. 18 million from India, 11 million apiece from the U.K and Brazil and 7 million from Canada.

The Company went public during first wave of IPOs of WEB companies in last two years. However, LinkedIn has outperformed many of its peers. While LinkedIn Shares have risen steadily, other companies such as Zynga (NASDAQ: ZNGA) and Groupon Inc. (NASDAQ: GRPN) have seen market value stumble due to combination of disappointing quarterly results, slower pace of growth and strategic gaffes.

Even social networking giant Facebook (NASDAQ: FB) failed to live up to the expectation. After much hyped IPO in May 2012, shares tumbled more than 100% in few months, hitting an all time low of $17.55 in September (FB offer price was $38). However since then Facebook has rebounded. On Wednesday shares crossed $30 mark, first occasion in last six months. Several companies have boosted their target price on FB lately as the company’s revenue from mobile advertising business improved significantly. Nevertheless, shares are still trading lower than the offer price.

On the other hand, LinkedIn, which made an IPO at $45 in May 2011, climbed 77% in preceding 12 months to currently trade at $112.25.

LinkedIn reported better-than-expected results in its latest quarter and boosted its outlook on full year results as it swung in to profit and recorded 81% growth in revenue.

The Company is scheduled to report its fiscal fourth quarter results on February 4th, 2013.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.