The world’s fasted growing professional networking site has reported a great financial year increasing its users by 14 million last year.
The social networking giant had a great 4th quarter confirming a net income of $6.9m compared with $5.3m in the 4th quarter of 2010; overall yearly revenue grew to $167m, a staggering rise of 105% YOY.
These great results have led to an increase of 7% in their share price.
These figures are still eclipsed by Facebook who boast 800 million, confirming they plan to float on the stock exchange.
LinkedIn, floated on the stock exchange last May which has already proved to be a great success.
LinkedIn CEO Jeff Wiener stated "It was a fitting end to a memorable year in which we reinforced our position as the pre-eminent professional network on the web,"
LinkedIn now boasts 150 million global members with many taking advantage of their networking features to enhance their own business profile.
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