Latest Jeff Weiner Items
LinkedIn had strong revenue in the second quarter thanks to growth from ads and the fees it charges for deeper access to its vast trove of professional profiles.
LinkedIn's net income fell in the latest quarter as the professional networking site spent more money to grow its business. But revenue grew from subscription fees and advertising grew faster than expected, and the company raised its forecast for the year.
LinkedIn Corp.'s employees and early backers plan to sell more than 6.7 million shares as they try to reap the gains from a rapid run-up in the online professional networking service's market value.
Online professional networking service LinkedIn got demoted by many investors after suffering its first quarterly loss in its brief career as a publicly traded company.
At an online town hall meeting Monday, President Obama called on a wealthy audience member who had a question that was music to the president's ears: "Would you please raise my taxes?"
In its first quarterly update since its sizzling IPO, online professional networking service LinkedIn Corp. reassured investors who have been buying into the hype surrounding a promising crop of Internet companies.