Subscribe free to our newsletters via your
. Space Industry and Business News .




INTERNET SPACE
LinkedIn results give relief to social media
by Staff Writers
San Francisco (AFP) Aug 2, 2012


The professional social media group LinkedIn reported better-than-expected results Thursday, giving some relief to a sector battered by disappointments from Facebook and others.

LinkedIn reported a profit of $2.8 million on revenues of $228 million in the second quarter.

The earnings amounted to 16 cents a share excluding special items, in line with most forecasts. But revenues were well ahead of expectations of $215 million, and grew 89 percent from a year ago.

Its stock price jumped more than five percent in after-hours trade.

"LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance," said chief executive Jeff Weiner.

"Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth."

LinkedIn's stock price has more than doubled since being introduced a year ago at $45, and was at $98.25 in after-hours trade.

That contrasts with social media firms like Facebook, Zynga and Groupon, which have struggled since their public offerings.

The California company launched in 2003 and made its stock market debut in May of last year to raise the money to fuel expansion.

LinkedIn claims more than 175 million members worldwide, including executives from every Fortune 500 company, and describes itself as the world's largest professional network on the Internet.

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








INTERNET SPACE
Facebook growth clouded by dubious accounts
Washington (AFP) Aug 2, 2012
Facebook's latest figures showing growth in global users also suggest as many as 83 million may come from dubious sources - duplicate accounts, pages for pets and those designed to send spam. Facebook members grew to 955 million at the end of the second quarter, but some 8.7 percent may be dodgy, the company said in its quarterly filing with the US Securities and Exchange Commission. Th ... read more


INTERNET SPACE
Too cool to follow the law

Lockheed Martin Submits Final Proposal for Air and Missile Defense Radar

Lockheed Martin-ARINC Team Submit Bid for USAF Rapid Deployment Air Traffic Control Radar System

Samsung set to debut new Note phone

INTERNET SPACE
Northrop Grumman Demonstrates Integrated Receiver Circuit Under DARPA Program

Boeing Receives 10th WGS Satellite Order from USAF

Lockheed Martin-built Military Communications Satellite Marks 20 Years in Service

NATO SOF picks U.S. communications system

INTERNET SPACE
Boeing Delivers 2nd Intelsat 702MP Satellite to Sea Launch Home Port

The Indian GSAT-10 satellite is prepared for Arianespace's fifth Ariane 5 flight of 2012

Arianespace: 50 successful Ariane 5 launches in a row!

Avanti announces successful launch of its HYLAS 2 Satellite

INTERNET SPACE
Mission accomplished, GIOVE-B heads into deserved retirement

Boeing Ships 3rd GPS IIF Satellite to Cape Canaveral for Launch

GPS Can Now Measure Ice Melt, Change In Greenland Over Months Rather Than Years

SSTL announces the launch of exactView-1

INTERNET SPACE
Japan's ANA posts small Q1 net profit, reversing loss

Boeing 737 Performance Improvement Package Delivers on Promise to Cut Fuel Burn

Australia's Hawk jets reach 75,000 hours

US, allies renew opposition to EU airline tax

INTERNET SPACE
How to avoid traps in plastic electronics

HP claims win in legal battle with Oracle

Japan's Toshiba falls into quarterly net loss

World's smallest semiconductor laser created by University of Texas scientists

INTERNET SPACE
France orders Google to hand over Street View data

Space Technologies Tackle Human and Environmental Security Problems

Chinese mapping satellite handed over to surveying authority

European data center for GMES Sentinel satellites at DLR

INTERNET SPACE
1 in 5 streams damaged by mine pollution in southern West Virginia

Suez Environment posts sharply lower Q2 profit

Japan firm says China waste claims 'groundless'

Italy steel plant pollution case sparks anger and strikes




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement