Professional social network LinkedIn now has 70 million members, according to the company’s home page. The company hit 60 million users in February, and has been growing fast, especially in international markets. LinkedIn’s network’s CEO, Jeff Weiner, stated in a blog post last fall that half of LinkedIn’s membership is international. The company is also listing one million company profiles, which are similar to a user profile.
Weiner tells us that the fastest growth LinkedIn is seeing is in international markets.
LinkedIn has mitigated the growth in international markets with expansion in international offices in The Netherlands, and India, two areas where LinkedIn is growing rapidly.
The network has also been adding features continuously over the past six months to broaden LinkedIn’s reach across the web, adding a deeper Twitter integration, opening up an API, providing a plugin with Microsoft Outlook and enhancing sharing options.
But while LinkedIn is looking to bring its platform to the greater web, there’s a tremendous amount of potential to use the data the network has on its side to add additional functionality to both users and companies. Weiner recently told us that data is incredibly important part of LinkedIn’s future as a network. And while we can’t reveal what those data features are at the moment, it’s safe to say that we will be seeing a number of new initiatives coming from LinkedIn leveraging the wealth of professional content on the network.
Weiner won’t comment on any plans for LinkedIn to IPO in the near future, but the company is clearly seeing growth, is profitable and working diligently to build features into the platform. It should be interesting to see what the second half of 2010 brings the professional social network.
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...