LinkedIn: What Is LinkedIn? How Do We Use It for Our Business? (Part 1 of 2)

Before all, let’s connect through LinkedIn by visiting my profile Huy Han. 🙂

Happy New Year! Happy 2018! Goodbye 2017! What’s Next? 

As my first post in 2018, I will make sure that my subscribers, readers, followers, and connections learn something new. That’s my promise in 2018. Learn something new everyday!

What is LinkedIn? 

LinkedIn for Businesses

The Logo and Trademarks are LinkedIn’s and LinkedIn Corporation’s property. 

LinkedIn was first introduced to the social media community as the professional network in 2003. The company started in late 2002 by recruiting old members from SocialNet and PayPal. Its founders are Reid Hoffman, Allen Blue, Konstantin Guericke, Eric Ly and Jean-Luc Vaillant.

The comment on Joi Ito’s blog post announced the launch of the LinkedIn site on May 5, 2003.

Launch of LinkedIn May 2003

LinkedIn’s growth was extremely slow at first— just about 20 signups on some days. However, the company has significantly accelerated thanks to its introduction to several key features such as Address Book Uploads, Jobs and Subscriptions, Group and Partners with American Express.

The screenshot below was the email from Lee Hower in May 2003 asking the company’s original members about its estimates for growth (in term of total members).

LinkedIn All Guesses

Based on these estimates, Ian and Steve were not very positive about the company growth. In contrast, Yan and Eric were very optimistic about the company future. I am wondering who was the winner of the $300 gift. 🙂

Below are LinkedIn’s milestones

2003: Launch of LinkedIn.com

2005: Introduction of Jobs & Subscriptions with 1.6M members

2006: Introduction of public profiles with 4.2M members

2009: Jeff Weiner joins LinkedIn as president.

2011: LinkedIn goes public with IPO price of $45 per share.

2013: 10th anniversary of LinkedIn with 250M members.

2015: LinkedIn acquires Lynda.com (Launch of Pulse) for $1.5B

2016: Microsoft acquires LinkedIn for $26.2B

2017: LinkedIn reached its 500M members and a great future in 2018.

Coming up next: Part 2. LinkedIn – How Do We Use LinkedIn for Our Business? 

For more information, visit: https://ourstory.linkedin.com/

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As a happy student of life, Huy has discovered that life is a series of very interesting courses where he can’t just simply learn from books or schools. Fortunately, every person that he meets and every incident that he faces truly give him tremendous valuable lessons. The most important aspect of being a student of life is that he learns things with a great intention: to improve himself everyday.

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Particularly, Huy provides three main services to his clients:

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