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LinkedIn Reports Stellar Q3 (SocialTimes)
LinkedIn reported third-quarter revenue of $252 million, up 81 percent over the same quarter last year. Its audited profit was $2.3 million for the quarter, compared to a net loss of $1.6 million in Q3 2011. CNET The company’s strongest growth came from what it calls “Talent Solutions,” which are fees that LinkedIn charges for products that help headhunters and others find employees. Revenue from Talent Solutions, which LinkedIn used to call “Hiring Solutions,” rose 95 percent from a year ago to $138.4 million and now makes up 55 percent of LinkedIn’s total revenue, up from 51 percent last year. AllThingsD And the company’s outlook continues to look good. LinkedIn raised its yearly guidance to revenue of $939 million to $944 million, up from previous estimates of $915 million to $925 million. Forbes LinkedIn particularly beat expectations on the bottom line. It was expected to post earnings of 11 cents per share on revenue of $243.9 million. On a GAAP basis, LinkedIn posted earnings per share of 2 cents, compared to estimates of a loss of 5 cents according to FactSet. Adjusted EBITDA was $56 million, compared to estimates of $48.1 million. LinkedIn shares were up $4.25 or 3.98% to $111.10 in late trading.
Yelp Reports Red Ink, But Meets Wall Street Expectations (SocialTimes)
Yelp, the recommendations provider that went public in March, announced a net loss of $2 million in the quarter ended September 30, shrinking its losses by nearly half in a year-over-year comparison. Barron’s The results were in line with a pre-announcement offered by Yelp last week. Revenue in the three months ended in September rose 63%, year over year, to $36.4 million, yielding a net loss of 3 cents a share. Analysts had been modeling $35.9 million and a 4-cent loss. TheNextWeb Yelp is taking a bigger loss thanks to its recent acquisition of Qype, a European local-reviews website, that the company said would help lead its international expansion by bringing in more than 2 million reviews and 50 million unique visits per month across 13 countries.
UPDATED: Different Kinds Of Facebook Ads May Come To Your News Feed (AllFacebook)
Facebook has tried to monetize individual users by asking if they’d pay a few bucks to promote their posts so they can reach more friends. Now, according to a story in The Daily, Facebook is reportedly testing a model where users can pay a small fee to have classified ads in users’ news feeds. While the company confirmed to AllFacebook that the site is testing different ways to put ads in news feeds, it added that they will definitely not be classified ads.
Gadgets, Cars & Hot Chicks Thrive On Pinterest Clone For Dudes [Interview] (SocialTimes)
Tapiture “taps” into the audience of male pinners with an alternative destination where men can find, save, share and buy the best stuff online. Think of it as Pinterest For Dudes. I had the opportunity to find out more about Tapiture from CEO John Ellis.
The Knot Creates Facebook Page To Help Hurricane Sandy Victims Salvage Their Weddings (AllFacebook)
The damage in the wake of Hurricane Sandy included some 2,300 weddings that had to be postponed or rescheduled, according to wedding portal The Knot, which established a Facebook event page, Helping Brides in the Wake of Hurricane Sandy, to help brides-to-be connect with venues and vendors and salvage their special days. Mashable Helping couples tie the knot as scheduled is the main goal for The Knot, the most-trafficked wedding website. “We knew we needed to come up with a fast and easy way to connect as many brides to wedding planning pros and venues as possible,” Anja Winikka, TheKnot.com’s site director, said. “We felt like it was our responsibility to connect the two.”
HootSuite Grows As Other Social Dashboards Are Eaten (SocialTimes)
The social dashboard HootSuite has reached the 5 million user mark, the company announced today. The company grew from 4 million users in just two months, fueled largely by expansion into Europe and Asia. AllTwitter As impressively, HootSuite, Inc, has more than doubled in size in 2012 – the company has expanded to 290 employees in the past year – and now counts 79 of the firms in the Fortune 100 amongst its clientele. Not bad for an organization that was founded four years ago. Not bad at all.
Should Twitter Troll Face Jail Time For Tweeting Lies During An Emergency? (AllTwitter)
There might just be one man in New York who is reviled above everyone else right now. Shashank Tripathia, a hedge fund analyst and campaign manager for a Republican congressional candidate, was outed as the man behind the @ComfortablySmug Twitter account that posted a series of lies about damage, loss of power, and – most notoriously – the New York Stock Exchange flooding.
Cloud Gaming Service Agawi Brings New Games to Microsoft’s Windows 8 Platform (SocialTimes)
With the launch of Windows 8 comes a new opportunity for developers to reach gamers on a whole new platform. Today, cloud gaming service Agawi has hit the play button on its GameZen app to bring more than a thousand games, from casual to hardcore, to all Windows 8 devices.
Facebook helps some local businesses provide free Wi-Fi in exchange for check-ins (InsideFacebook)
Facebook is testing a new service that allows local businesses to offer customers free Wi-Fi after checking in on the social network, the company tells us.