LinkedIn quarterly profits send shares higher

LinkedIn quarterly profits send shares higher
 

Business-focused social networking website LinkedIn reported higher profits and said it added 14 million new members. It said net income for the fourth quarter was $6.9m (£4.4m), up from $5.3m in the same period of 2010. Revenue rose 105% to $167.7m.
Shares in the firm rose almost 7%.
Rival site Facebook, the world's largest social networking site with 800 million members, recently announced plans for a stock market flotation.
LinkedIn, which posts work biographies of individuals and lets them recommend friends and colleagues, had its own float last May.
"It was a fitting end to a... read more

 
9 February 2012 in Business, Views: 12
Source: BBC
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