Professional social network LinkedIn has just added its 60 millionth member, according to a Tweet issued by the company this afternoon. Over the past year, network has seen a significant amount of growth, especially internationally. As of last December, the network had 55 million members, so its grown by 5 million in less than two months. In October, LinkedIn’s network’s CEO, Jeff Weiner, said in the post that half of LinkedIn’s membership is international.
To manage this growth, LinkedIn has also been expanding its operations in international markets, opening offices in The Netherlands, and India, two areas where LinkedIn is growing rapidly. Coincidentally, the 60 millionth member hailed from The Netherlands.
LinkedIn had a big 2009. Founder Reid Hoffman recently changed the guard at the company, with Jeff Weiner taking the helm as CEO in June. While LinkedIn is a strong IPO candidate, Hoffman told us at TechCrunch50 that he’s not in any rush to go public. Later, Hoffman told Reuters that the company plans to pursue an IPO at some point, but not any time soon.The company was valued at around $1 billion in its last round of financing in 2008, and has been profitable for the past years. LinkedIn launched two-way integration with Twitter as well as opened up its API to developers. The company also released a new version of its iPhone app in December.
With over 100 million users representing over 200 countries around the world, LinkedIn is a fast-growing professional networking site that allows members to create business contacts, search for jobs, and find potential clients. Individuals have the ability to create their own professional profile that can be viewed by others in their network, and also view the profiles of their own contacts. Competitors to LinkedIn include sites such as XING, Doostang and Ecademy. Of note, LinkedIn won...
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