Saturday August 06, 2011

LinkedIn Posts First Ever Public Earnings Announcement

LinkedIn has posted its first ever earning announcement since becoming a public company on May 19th. It is looking like if you were able to get in on the IPO, it may just turn out to be a good investment. Membership numbers are up 61% and revenue is up across the board.

Net revenue growth was not as strong, but CEO Jeff Weiner says this is due to heavy reinvestment in the growth and development of the site.