Enterprise-focussed social media platform LinkedIn introduced its bonus new member person base is nearing 1 billion because it celebrated its twentieth anniversary at this time.
The location is presently dwelling to over 930 million customers, with greater than 80% of its membership current exterior the US, it stated at this time.
Co-founded by ex-PayPal leaders Reid Hoffman and Eric Ly in 2003, the service rapidly expanded. It reached 1 million customers in 2004 and achieved its first month of profitability in March 2006. By 2007, its userbase had already expanded to 10 million.
The corporate went public in 2011 and was acquired by Microsoft in 2016 for $26.2bn.
Over time, its advertising options providing has grow to be a B2B powerhouse and its digital promoting enterprise generates $5bn in annual income.