LinkedIn Flying High With 50 Million Business Users
Wednesday, October 14, 2009; 9:01 AM
LinkedIn has hit 50 million users, according to a blog post today, growing from 45 million users two months ago. And according to the latest comScore data, LinkedIn is steadily growing in terms of unique visitors. For September, LinkedIn had 9 million unique visitors in the U.S. compared to 8.7 million unique visitors in August. But it appears that LinkedIn's growth is mainly attributed to a burgeoning international user base. Worldwide, LinkedIn grew from 18 million unique visitors in July to 20 million unique visitors in August.
The network's CEO, Jeff Weiner, said in the post that half of LinkedIn's membership is international, with 11 million users in Europe and 3 million users in India, which is seeing the fastest rate of adoption of LinkedIn. Weiner added that it took just 12 days for the network to accumulate the latest million users.
Founder Reid Hoffman recently changed the guard at the company, with Weiner taking the helm as CEO in June. While LinkedIn is a strong IPO candidate, Hoffman recently told us that he's not in any rush to go public. The company was valued at around $1 billion in its last round of financing in 2008, and has been profitable for the past years.
Rumors have been flying around about LinkedIn potentially buying German social network Xing, which Hoffman told us that this wasn't happening. But if LinkedIn is growing so fast in Europe and other international markets, perhaps they don't need Xing to add more users.