LinkedIn reported first-quarter revenue of $324.7 million, up nearly 75 percent over the first quarter of 2012, but the company’s guidance suggested that its revenue growth will cool, prompting stocks to fall after hours.
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LinkedIn is testing sponsored posts from a select set of corporate partners and expects to roll them out for all users in 2013, executives said in a call with analysts following the release of the company’s 2012 financials.
![[in]cubator, linkedin, employee innovation, social networks](http://socialtimes.com/files/2012/12/incubator-150x150.png "linkedin-incubator")
LinkedIn announced today a program to support employee innovation projects within the company.
“The workforce of today is trained for the jobs of yesterday, not the jobs of tomorrow,” said LinkedIn CEO Jeff Weiner. In a fireside chat at Business Insider’s Ignition 2012 conference in New York City, Weiner explained how recent changes to LinkedIn’s service will impact the long-term growth of the company.
Continuing its efforts to simplify its user interface and host more content, LinkedIn unveiled a new user profile page design on Tuesday. Among the new features are in-line profile editing and status updates and a larger profile picture. The new profile highlights those parts of the profile that are most likely to change regularly, including status and groups. Users will also see more insight on how their LinkedIn network divides by company, industry and education.
According to the WSJ, the President will take questions from a live audience and from LinkedIn members who submit questions through a LinkedIn group, “Putting America Back to Work.”
LinkedIn released its first-ever earnings report Thursday after going public in May, and the professional networking site had good news to report for the second quarter of 2011.
LinkedIn topped the 100 million member milestone, and the professional networking site marked the occasion with two blogs posts and an infographic (after the jump).
Highlights from the post by CEO Jeff Weiner:
We’re now growing at roughly 1 million new LinkedIn members every week, the equivalent of a professional joining the site at faster than one member per second.
So, what does all this growth really mean? We’re making great progress toward our ultimate goal: to connect all of the world’s professionals to make them more productive and successful.
We’re also rapidly growing our network globally — our site is currently used in more than 200 countries and territories around the world, with more than one-half of our users coming from outside of the United States. You can now connect just as readily with someone in Sao Paulo or Singapore as you can with your colleagues in San Francisco, London, or New York. You no longer have to live in the same city — or even the same country — to build and strengthen relationships that can help you succeed and grow professionally and fundamentally transform the trajectory of your career path.
We want to thank all of you, our 100 million members, for making this happen. Your experiences, connections, and shared knowledge are what make LinkedIn so powerful to each and every one of us.
Best of all, we’re just getting started. Here’s to the next 100 million members.
Sequoia Capital managing member Michael Moritz was appointed to the board of directors at LinkedIn, replacing Mark Kvamme, who relinquished the board seat he had held since 2003.
Moritz has been with Sequoia for 25 years, and he has served o the boards of Flextronics, Yahoo!, PayPal, and Google.
Kvamme joined the LinkedIn board in 2003, when Sequoia became the professional networking site’s first outside investor. He will become director of the Ohio Department of Development.
The other LinkedIn board members are Skip Battle, Reid Hoffman, Leslie Kilgore, Stan Meresman, and David Sze.
Professional network LinkedIn added a seventh member to its board of directors, welcoming former Technology Crossover Ventures general partner and chief operating officer and Silicon Graphics senior vice president and chief financial officer Stan Meresman.
Meresman is also on the boards of Riverbed Technology, Meru Networks, and HyTrust, and he previously served on the boards of Polycom, VMware, Starfish Software, and Lightsurf, and as an advisor to Silicon Image, Inktomi, and RealNetworks.
He joins A. George “Skip” Battle, Reid Hoffman, Leslie Kilgore, Mark Kvamme, David Sze, and Jeff Weiner on the LinkedIn board.
