Forum Moderators: phranque
LinkedIn, the fast-growing social network for business professionals, reported a 120% leap in revenues between April and June this year in its first results as a public company.
Revenues at LinkedIn reached $121m (£74m) and net profit rose to $4.5m from $4.3m in the second quarter of 2010, according to results published on Thursday.
The site founded by Reid Hoffman, who is also its biggest shareholder, made its stock market debut in May, one of the first of the new generation of highly valued social media firms to go public.