LinkedIN IPO pumps $9.8 Billion Market Cap

LinkedIN IPO pumps $9.8 Billion Market Cap




The social network for professionals, LinkedIN, was listed yesterday at the New York Stock Exchange and has now grown to $9.8 billion market cap from an expected $3 billion prior to the listing.

The starting share price of LinkedIN was among the biggest in Web 2.0 history, near that of Google’s back in 2004.

Having been a member of LinkedIN back since 2003, I find it amazing that the site has endured the drought of the first Web 2.0 wave. LinkedIN came out around the time of Friendster, MySpace, Digg and Technorati.

LinkedIN recently reached 100 million users and the CEO of the company emailed the first million users back in March, including me.


 

Dear Abe,

I want to personally thank you because you were one of LinkedIn’s first million members (member number 326,333 in fact!*). In any technology adoption lifecycle, there are the early adopters, those who help lead the way. That was you.

We hit a big milestone at LinkedIn this week when our 100 millionth member joined the site.

Reid Hoffman
Co-founder and Chairman
LinkedIn

A recent comScore study reveals that while Facebook has the biggest online penetration in the Philippines, LinkedIn on the other hand only had under 2% share.

Anybody out there on LinkedIN and was among the first millionth member?



Abe is the founder and Editor-in-Chief of YugaTech. You Can follow him on Twitter @abeolandres.

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15 Responses

  1. daniel says:

    anu ung linkedin?

  2. benchmark says:

    LinkIn: parang connections din like Facebook pero instead of FRIENDS you are connecting with, job relation naman yun, like me, I am connected with my batchmates in construction, engineers, etc. Basta yung job related ba. But you can still be connected with other field as well.

    Than they can post sa account mo how you work….if they recomend you…ganun.

    I can’t remember when I was a member on LinkedIn but its nice and good help especially when you are looking for a job abroad. :)

  3. daddyjoey says:

    yeah! member number 886888! :D

  4. al says:

    hey yuga, why dont you use disqus for comments? ur comment system kinda sucks

  5. adam says:

    Member ako ng linkedin for a year now. :-)

  6. ang galing ng linkdin kasi their now targeting employers to give informations and background cheks to people

  7. marvin says:

    about disqus: I used it before. Maybe it is good but all comments will stored to disqus server. Sounds not good to me so I stopped it. Plus additional 3rd party software made my site load slower.

    A good post is worth commenting even if the comment system sucks!

  8. Andre says:

    waiting for Facebook IPO

  9. Robin Lim says:

    LinkedIN. I signed up. After a few days I closed the account.

    “about disqus: I used it before. Maybe it is good but all comments will stored to disqus server. Sounds not good to me so I stopped it. Plus additional 3rd party software made my site load slower.”

    Same with me. I stopped using it on my blog after trying it our for a month.

  10. If you will plant and grow, there will always be fruit that will comes out. That’s the product of perseverance. http://youshudno.blogspot.com/2011/02/supplements.html

  11. art says:

    I also received a congratulatory message from LinkedIn as it hits 1 million users in the Philippines. Kaso minsan ko lang siya nabibisita.

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