Executive social network LinkedIn has impressed the market during its first earnings announcement as a listed company, with revenue up 120% to $US121 million in the last quarter.
Chief executive Jeff Weiner said in a statement the company has seen “record levels” of members, unique visitors and page views.
“Going forward, we plan to continue to invest in our team, technology and products in order to increase the value we deliver to members and realise the full potential of the LinkedIn platform,” he said in a statement.
Weiner also hinted at future results for listed web 2.0 companies, saying each company must be analysed in context.
“You certainly see in this generation of consumer web leadership a number of companies with impressive results to date,” he told the Financial Times.
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
