• LinkedIn CEO On Why We Need More Than Facebook: Keg Stands

    Wednesday, November 17th, 2010

    MG Siegler is a general partner at CrunchFund and a columnist for TechCrunch, where he has been writing since 2009. His focus is on Apple. Prior to TechCrunch, MG covered various technology beats for VentureBeat. Originally from Ohio, MG attended the University of Michigan in Ann Arbor, MI. He’s previously lived in Los Angeles where he worked in Hollywood and in... → Learn More

    Today at the Web 2.0 Summit in San Francisco, LinkedIn CEO Jeff Weiner took the stage to talk with host John Battelle. One question was about why we need LinkedIn in a world increasingly run by Facebook? Weiner had a two-word answer to that: keg stands.

    Weiner noted that while Facebook is great for showing how we spend our time and expressing ourselves, most employers probably shouldn’t see all of your extracurricular activities. And you clearly wouldn’t want them to see that. Like keg stands.

    But when Battelle asked if that meant LinkedIn was opposed to some sort of social hook-up with Facebook, Weiner said it would depend on the value. Currently, LinkedIn has a feature that ties it in closely to Twitter, but not for Facebook.

    Weiner said that while LinkedIn is lumped into being a social network with Facebook, Twitter, and others, there are big differences between them. And plenty of room for all of them.

    Weiner also had plenty of interesting stats to share.

    [photo: flickr/mcclouds]

    Company: LinkedIn
    Website: linkedin.com
    Launch Date: May 1, 2003
    IPO: NYSE:LNKD

    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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    Company: Facebook
    Website: facebook.com
    Launch Date: February 1, 2004
    IPO: NASDAQ:FB

    Facebook is the world’s largest social network, with over 845 million monthly active users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz, Chris Hughes, and Eduardo Saverin to help build Facebook, and within four months, Facebook added 30 more college networks. The original...

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