LinkedIn is a professional networking platform founded in 2003, now a subsidiary of Microsoft. It serves as a vital tool for career development, enabling job seekers to post resumes and employers to advertise vacancies. The platform generates revenue primarily by providing recruiters and sales professionals access to member data, and through its LinkedIn Ads portal. With over 1 billion members across 200+ countries, LinkedIn facilitates professional connections and opportunities globally.
In December 2001, a study noted the absence of research about tools for blue-collar workers to find work in the digital age and expressed concern about technology concentrating power in the hands of managers rather than workers.
In December 2002, LinkedIn was founded by Reid Hoffman and a team from PayPal and Socialnet.com.
On May 5, 2003, LinkedIn was launched by Reid Hoffman and Eric Ly as a professional networking platform.
In late 2003, Sequoia Capital led the Series A investment in LinkedIn.
In August 2004, LinkedIn reached 1 million users.
In March 2006, LinkedIn achieved its first month of profitability.
In April 2007, LinkedIn reached 10 million users.
In 2007, LinkedIn launched the LinkedIn Answers feature that allowed users to post questions to their network and allowed users to rank answers.
In February 2008, LinkedIn launched a mobile version of its site, available in six languages: Chinese, English, French, German, Japanese and Spanish.
In February 2008, LinkedIn launched a mobile version of its website.
In June 2008, Sequoia Capital, Greylock Partners, and other venture capital firms purchased a 5% stake in LinkedIn for $53 million, valuing the company at approximately $1 billion.
In October 2008, LinkedIn enabled an 'applications platform' allowing external online services to be embedded within a member's profile page.
In October 2008, LinkedIn revealed plans to open its social network of 30 million professionals globally as a potential sample for business-to-business research.
In November 2010, LinkedIn allowed businesses to list products and services on company profile pages, and members could 'recommend' products and write reviews.
By 2010, LinkedIn had about 500 full-time employees.
In 2010, LinkedIn opened an International Headquarters in Dublin, Ireland, received a $20 million investment from Tiger Global Management LLC at a valuation of approximately $2 billion, and acquired Mspoke.
In 2010, a study published in Social Science Computer Review found that LinkedIn and Facebook had become tools for recruiting job applicants and gathering additional information, influencing interview selection by recruiters.
Since 2010, LinkedIn has contributed several internal technologies, tools, and software products to the open source domain.
In January 2011, LinkedIn acquired CardMunch, a mobile app maker that scans business cards and converts them into contacts.
In January 2011, LinkedIn filed for an initial public offering (IPO).
Since January 2011, LinkedIn's InMaps, a feature which allowed you to visualize your professional network, had been in use.
In February 2011, LinkedIn was temporarily blocked in China following calls for a "Jasmine Revolution," speculated to be due to its role in facilitating access to Twitter for dissidents. Access was restored after a day.
On May 19, 2011, LinkedIn traded its first shares on the NYSE under the symbol "LNKD" at $45 per share, closing at $94.25 after a day of trading.
In July 2011, LinkedIn launched a new feature allowing companies to include an "Apply with LinkedIn" button on job listing pages, enabling users to apply with their LinkedIn profiles.
In December 2011, LinkedIn announced that they are rolling out polls to groups.
In 2011, Apache Kafka, a notable project, was built and open sourced at LinkedIn.
In 2011, LinkedIn's membership grew by approximately two new members every second.
In June 2012, cryptographic hashes of approximately 6.4 million LinkedIn user passwords were stolen by Yevgeniy Nikulin and other hackers who then published the stolen hashes online. This action is known as the 2012 LinkedIn hack.
In July 2012, LinkedIn acquired 15 key Digg patents for $4 million, including a 'click a button to vote up a story' patent.
Since September 2012, LinkedIn has enabled users to 'endorse' each other's skills.
In October 2012, LinkedIn launched the LinkedIn Influencers program, featuring global thought leaders sharing their professional insights.
In 2012 co-founder Eddie Lou's Chicago startup, Shiftgig (released in 2012 as a platform for hourly workers), was released as a specialized professional networking opportunity inspired by LinkedIn.
In 2012, LinkedIn supported the formation of 1,248,019 interest groups, with membership varying greatly. These groups offered discussion areas and faced challenges with spam.
Inspired by Facebook's "social graph", LinkedIn CEO Jeff Weiner set a goal in 2012 to create an "economic graph" within a decade.
In January 2013, LinkedIn discontinued LinkedIn Answers, citing a focus on new ways to share professional topics.
On May 31, 2013, LinkedIn added two-factor authentication, an important security enhancement for preventing hackers from gaining access to accounts.
In June 2013, CardMunch was noted as an available LinkedIn app.
On July 23, 2013, LinkedIn announced its Sponsored Updates ad service, allowing individuals and companies to pay to have their content sponsored and spread to their user base.
In October 2013, LinkedIn announced "Intro", a service for iPhone users that inserts a thumbnail of a person's LinkedIn profile in correspondence within the iOS Mail app, achieved by routing emails through LinkedIn servers, raising privacy concerns.
In November 2013, LinkedIn announced the addition of Showcase Pages to the platform.
At the end of 2013 it was announced that the LinkedIn app intercepted users' emails and quietly moved them to LinkedIn servers for full access. LinkedIn used man-in-the-middle attacks.
In 2013, LinkedIn had significantly more members than competitor Viadeo (50 million members).
In 2013, a class action lawsuit, Perkins vs. LinkedIn Corp, was filed against LinkedIn for automatically sending invitations without explicit permission.
In 2013, documents released by Edward Snowden revealed that British GCHQ infiltrated Belgacom by luring employees to a false LinkedIn page as part of Operation Socialist.
In February 2014, LinkedIn launched its Simplified Chinese language version, "领英", officially extending its service to China. LinkedIn acknowledged that content would be censored to comply with Chinese rules.
In April 2014, LinkedIn announced it had leased 222 Second Street in San Francisco to accommodate up to 2,500 employees.
In June 2014, LinkedIn announced its "Galene" search architecture to give users access to the economic graph's data with more thorough filtering of data.
In November 2014, LinkedIn lost a motion to dismiss the lawsuit, in a ruling that the invitations were advertisements not broadly protected by free speech rights.
In 2014, Dell SecureWorks CTU discovered that Threat Group-2889, an Iran-based group, created 25 fake LinkedIn accounts for spearphishing.
In 2014, LinkedIn announced they were going to be removing Product and Services Pages paving the way for a greater focus on Showcase Pages.
In 2014, LinkedIn retired InMaps, a feature which allowed users to visualize their professional network.
In 2014, a data retention law came into force in Russia, requiring the user data of Russian citizens to be stored on servers within the country.
In February 2015, LinkedIn released updated terms of use for their developer API, which enables interaction with LinkedIn's data through third-party applications.
In 2015, LinkedIn added an analytics tool to its publishing platform, allowing authors to better track the traffic that their posts receive.
In 2015, LinkedIn had more than 400 million members in over 200 countries and territories.
In 2015, LinkedIn settled the Perkins vs. LinkedIn Corp lawsuit for $13 million regarding unauthorized email invitations.
In 2015, Russia enacted national legislation requiring social media networks to store citizens' personal data on servers located in Russia.
Since 2015, LinkedIn has published annual rankings of Top Voices on the platform, recognizing members that generated the most engagement and interaction with their posts.
Starting in 2015, a majority of LinkedIn's revenue came from selling access to member data to recruiters and sales professionals. LinkedIn also introduced LinkedIn Ads, an ad portal for companies.
The lawsuit was eventually settled in 2015 in favor of LinkedIn members.
As of January 2016, LinkedIn had 1,250 staff based in San Francisco.
In February 2016, LinkedIn's shares dropped 43.6% following an earnings report, resulting in a $10 billion loss in market capitalization.
In March 2016, LinkedIn started to move into its new building at 222 Second Street in San Francisco.
As of May 2016, the LinkedIn Influencers program included over 750 global thought leaders sharing insights.
In May 2016, 117 million LinkedIn usernames and passwords were offered for sale online for the equivalent of $2,200. These account details are believed to be sourced from the original 2012 LinkedIn hack.
In June 2016, Microsoft announced its acquisition of LinkedIn for $26.2 billion, at $196 a share.
In October 2016, LinkedIn acknowledged that it "really does matter who endorsed you" and began highlighting endorsements from "coworkers and other mutual connections" to address the criticism of the endorsement feature.
On November 10, 2016, the ban on LinkedIn in Russia was upheld for violating data retention laws, requiring user data of Russian citizens to be stored on servers within the country. ISPs began blocking LinkedIn thereafter.
On December 8, 2016, Microsoft completed its acquisition of LinkedIn, allowing LinkedIn to retain its brand and independence with Jeff Weiner remaining as CEO.
In December 2016, Microsoft acquired LinkedIn, making it a wholly owned subsidiary.
In 2016, LinkedIn's access was blocked by Russian authorities for non-compliance with Russian data storage legislation.
In late 2016, LinkedIn announced a planned increase of 200 new positions in its Dublin office.
The Top Companies lists were started in 2016 and are published annually.
In May 2017, LinkedIn sent a Cease-And-Desist letter to hiQ Labs for scraping data from LinkedIn's public profiles.
In May 2017, Research Policy published an analysis of PhD holders' use of LinkedIn, finding that those who transition into industry are more likely to use LinkedIn, have larger networks, and benefit from international connections.
In 2017, Germany's BfV alleged that Chinese intelligence services created fake social media profiles on sites such as LinkedIn to gather information on German politicians and government officials.
In 2017, LinkedIn's Profinder, a marketplace for freelancers, had around 60,000 freelancers in over 140 service areas.
In 2017, sociologist Ofer Sharone found that social networking services like LinkedIn and Facebook have a filtration effect on the labor market that is not necessarily related to evaluations of merit.
LinkedIn connection request process changed in 2017, allowing users to connect with up to 30,000 people, making it a more proactive networking site.
Since 2017, 94% of B2B marketers use LinkedIn to distribute content.
Since Autumn 2017, job postings from western countries for China aren't possible anymore.
According to the company's website, LinkedIn Referrals will no longer be available after May 2018.
In October 2018, a study by Foster School of Business professors found that creating LinkedIn connections with professionals at target companies may not increase the likelihood of referrals for job seekers due to competition concerns.
In 2018, LinkedIn launched its carousel ads feature, allowing businesses to showcase their products or services through swipeable cards.
In July 2019, sociologists found that recruiters often use LinkedIn to target passive candidates for high-skilled positions, while low-skilled positions are advertised on online job boards, creating a bifurcated job market.
In September 2019, an evaluation of training job seekers in South Africa to use LinkedIn found a 10 percent increase in employment by reducing information frictions, with effects lasting about 12 months.
In September 2019, the appeals court rejected LinkedIn's arguments regarding hiQ Labs' data scraping, upholding a preliminary injunction that forced LinkedIn to allow hiQ to continue.
In 2019, LinkedIn globally launched the 'Open for Business' feature and 'LinkedIn Events'.
The 2019 LinkedIn Top Companies list identified Google's parent company, Alphabet, as the most sought-after U.S. company.
In June 2020, Jeff Weiner stepped down as CEO of LinkedIn and became executive chairman, with Ryan Roslansky taking over as CEO.
In late July 2020, LinkedIn laid off 960 employees (6% of the workforce) due to the effects of the COVID-19 pandemic.
In October 2020, LinkedIn Stories was rolled out worldwide.
In 2020, LinkedIn faced scrutiny regarding its handling of misinformation and disinformation, particularly concerning fake profiles and falsehoods related to COVID-19 and the 2020 US presidential election.
In 2020, LinkedIn's membership grew to over 690 million members.
In 2020, research using LinkedIn data indicated that high status individuals are more likely to self-select into professional networking services.
A breach disclosed in April 2021 affected 500 million users.
In April 2021, CyberNews claimed that 500 million LinkedIn accounts' data had leaked online, but LinkedIn stated it was an aggregation of data from multiple sources.
A breach disclosed in June 2021 was thought to have affected 92% of users, exposing contact information, employment information.
In June 2021, PrivacySharks claimed over 700 million LinkedIn records were on sale on a hacker forum; LinkedIn stated this was scraped data and a violation of their Terms of Service.
As of September 2021, LinkedIn had over 774 million registered members.
In September 2021, LinkedIn discontinued LinkedIn stories, a feature that was rolled out worldwide in October 2020.
In 2021, LinkedIn earned $10.3 billion in revenue.
The 2021 LinkedIn top list identified Amazon as the top company, with Alphabet ranked second and JPMorgan & Chase Co. ranked third.
In 2022, LinkedIn earned $13.8 billion in revenue.
In 2022, Microsoft acquired Activision Blizzard, making it larger than the 2016 acquisition of Linkedin.
In 2022, the company ranked first in a list of brands most likely to be imitated in phishing attempts.
Since 2022, LinkedIn has been removing accounts that do not follow its criteria without giving users any prior notice.
In May 2023, LinkedIn announced that it would be phasing out the InJobs app by August 9, 2023.
In May 2023, LinkedIn cut 716 positions to streamline operations while also announcing 250 new job opportunities and the discontinuation of China local job apps.
In August 2023, LinkedIn phased out the InJobs app in China.
In August 2023, several LinkedIn users were targeted by hackers in a hijacking and phishing scheme. The hackers locked users out of their accounts and demanded ransom payments under the threat of permanent account deletion.
In November 2023, LinkedIn reached a member count of one billion.
By 2023, the $103 million invested in LinkedIn in January 2011 was equivalent to about $138 million when adjusted for inflation.
In 2023, LinkedIn's initial share price of $45 in May 2011 was approximately equivalent to $60 when adjusted for inflation.
In May 2016, 117 million LinkedIn usernames and passwords were offered for sale online for the equivalent of $2,200 (~$2,793 in 2023).
As of February 11, 2024, LinkedIn is headquartered in Mountain View, California, and operates with 36 global offices.
In February 2024, LinkedIn reported having approximately 18,500 employees.
In June 2024, Axios reported LinkedIn was testing a new AI assistant for its paid Premium users.
In September 2024, LinkedIn paused the use of UK user data for AI model training after concerns from the Information Commissioner's Office (ICO), also providing UK users with an opt-out option.
In November 2024, Linkedin challenged Australian legislation banning under-16's from social media platforms, arguing it lacks content appealing to minors.
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