Tuesday, November 25, 2008

LinkedIn CEO Touts Growth Of Network

The San Francisco Chronicle sat down with LinkedIn CEO Dan Nye to discuss the professional social network's fortunes in 2008. At last count, LinkedIn was the fourth largest social networking site, behind MySpace, Facebook and Classmates.com. It is also the fourth fastest growing social network, according to the Chronicle report, behind Twitter, Tagged.com and Ning, with membership of 30 million. The private company is expected to rake in $100 million in ad revenue in 2008, up from $10 million at the end of 2006. In June, LinkedIn raised new capital valuing the firm at $1 billion.

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