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LinkedIn (/lɪŋktˈɪn/) is a business and employment-focused online professional platform that works through websites and mobile apps. It was launched on May 5, 2003 by Reid Hoffman and Eric Ly.[4] Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft.[5] The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. From 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals and has also introduced their own ad portal named LinkedIn Ads to let companies advertise in their platform.[6] LinkedIn has more than 1 billion registered members from over 200 countries and territories.[7] The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and Socialnet.com (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri).[18] In late 2003, Sequoia Capital led the Series A investment in the company.[19] In August 2004, LinkedIn reached 1 million users.[20] In March 2006, LinkedIn achieved its first month of profitability.[20] In April 2007, LinkedIn reached 10 million users.[20] In February 2008, LinkedIn launched a mobile version of the site.[21] In June 2008, Sequoia Capital, Greylock Partners, and other venture capital firms purchased a 5% stake in the company for $53 million, giving the company a post-money valuation of approximately $1 billion.[22] In November 2009, LinkedIn opened its office in Mumbai[23] and soon thereafter in Sydney, as it started its Asia-Pacific team expansion. In 2010, LinkedIn opened an International Headquarters in Dublin, Ireland,[24] received a $20 million investment from Tiger Global Management LLC at a valuation of approximately $2 billion,[25] announced its first acquisition, Mspoke,[26] and improved its 1% premium subscription ratio.[27] In October of that year, Silicon Valley Insider ranked the company No. 10 on its Top 100 List of most valuable startups.[28] By December, the company was valued at $1.575 billion in private markets.[29] LinkedIn started its India operations in 2009 and a major part of the first year was dedicated to understanding professionals in India and educating members to leverage LinkedIn for career development. In 2015, LinkedIn had more than 400 million members in over 200 countries and territories,[11][89] which was significantly more than competitor Viadeo (50 million as of 2013.)[90] In 2011, its membership grew by approximately two new members every second.[91] In 2020, LinkedIn's membership grew to over 690 million LinkedIn members.[92] As of September 2021, LinkedIn had 774+ million registered members from over 200 countries and territories.[92] In November 2023, LinkedIn reached a member count of one billion.[93] The basic functionality of LinkedIn allows users to create profiles, which for employees typically consist of a curriculum vitae describing their work experience, education and training, skills, and a personal photo. Employers can list jobs and search for potential candidates. Users can find jobs, people and business opportunities recommended by someone in one's contact network. Users can save jobs that they would like to apply for. Users also have the ability to follow different companies. The site also enables members to make "connections" to each other in an online social network which may represent real-world professional relationships. Members can invite anyone to become a connection.
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