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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.

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The Best of Google I/O: Project Glass, Nexus 7 Tablet, Nexus Q Home Entertainment System, and More (Fast Company)
Google announced a slew of new products at its annual developer conference, including the long-awaited Nexus 7 tablet and Nexus Q (pictured left), a home media streamer for Android devices. Betabeat A black orb with a glowing blue stripe, the Nexus Q is not just pretty, it’s Apple-quality pretty. The Verge The Nexus Q is not intended to be a standalone device and requires one or more Android smartphones or tablets to provide access to Google Play content. Engadget Google announced it’s adding support for the purchase of movies on Google Play, as well as TV shows by episode or by season, and even magazines all available now. The New York Times On the underside of the Nexus Q is its most intriguing feature, a simple inscription: “Designed and Manufactured in the U.S.A.” The Verge The 7-inch Nexus 7 tablet will come pre-loaded with Android 4.1 Jelly Bean, Google’s latest operating system. Available in black or white, an 8GB version will be priced at $199, with 16GB for $249 this July. All Things D Building the Nexus 7 tablet was no easy task, says Asus chairman Jonney Shih. First off, Google gave the company only four months to build the product. Then there was the task of building a high-end tablet that could sell for just $200. Plus, he said, Google can be kind of demanding. Wired In Jelly Bean, Google has a proper Siri fighter, but she has no fancy name a la Siri or Samsung’s S Voice. In Jelly Bean, the voice assistant simply emerges with a tap of the microphone icon in the ever-present search box on Android’s home screens. Ars Technica There’s a big question that always looms large over the announcement of any new Android version: These features look nice and all, but will my device ever be upgraded? VentureBeat Stop the dadgum presses! Googler Louis Gray just told us about a new Google+ feature that you won’t read about anywhere else. The Next Web If there’s one thing this year’s Google I/O opening keynote will be remembered for, it’s the skydiving, biking and abseiling demo of Google Glass. If you missed the epic moment, here it is. GigaOm However, when you stand back from all the announcements made by Google and increase the periphery, you start to notice that this is a company that is fighting a lot of battles on many fronts. In some places it is winning, but most places it is trench warfare. Read more

Facebook isn’t as successful as you think. And, investors will find this out soon enough. Let’s take a look at how Facebook can fix its financials.

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If you are familiar with the American Express Membership Rewards program, then you know that all you have to do to redeem points for Facebook Ads is go to the program’s website. But, what you might not know is that American Express has a dedicated Facebook page for the redemption at AmEx OPEN’s Facebook Page. If you do the math for the points, you will be rewarded $50 worth of Facebook advertising for every $6,750 spent while using your credit card.

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Would you give a colleague your Facebook password to see how the ads are doing?

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Is Facebook ready for the big leagues? Well, it needs to sort out some big problems with its business model first.

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If you’re trying to win conversions on Facebook, are you wasting you time?

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When a user clicks one of your ads, you have an opportunity. A person in your target market is saying, “I’ll go wherever you send me.” So, you need to create your ad to answer that question in a way that benefits your company as much as possible. Sometimes, it can feel like a tough problem … but it shouldn’t.

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We all love organic growth. When you accumulate corporate blog readers, Twitter followers or Facebook likes over time through relationships among your readers, the results are indisputable. But, it feels like it takes forever. While you wait, you are losing ROI opportunities. Accumulating the relationships you want most thus comes at a significantly higher cost. Waiting sucks. It’s far better to put the pedal to the metal and make it all happen faster, right?

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Facebook may be The Next Big Thing, but it isn’t going to be the biggest anytime soon. When it comes to online advertising revenue, Google is still the biggest game in town, and it’s growing every year.

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