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 $9.8PHP 575INR 831EUR 9CNY 71 billion market cap from an expected $3PHP 176INR 254EUR 3CNY 22 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 Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

15 Comments

daniel says:

14 years ago

anu ung linkedin?
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benchmark says:

14 years ago

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. :)
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daddyjoey says:

14 years ago

yeah! member number 886888! :D
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al says:

14 years ago

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

14 years ago

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

14 years ago

ang galing ng linkdin kasi their now targeting employers to give informations and background cheks to people
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marvin says:

14 years ago

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!
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Andre says:

14 years ago

waiting for Facebook IPO
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Robin Lim says:

14 years ago

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.
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jonaflormicfren says:

14 years ago

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
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art says:

13 years ago

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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