LinkedIn posts $1.6M loss for Q3 but exceeds Wall Street expectations

Business social network LinkedIn posted mixed third quarter results this afternoon, with a $1.6 million loss for the quarter, but it’s still managing to beat Wall Street expectations with strong revenues.

LinkedIn went public in May and had to reveal its financials for the first time last quarter. The company posted a surprisingly strong Q2 with a 120 percent rise in revenues and $4.5 million in profits. But this is Q3 and it’s unfair to … Continue Reading

LinkedIn CEO “fully expects” to build in-enterprise social networking tools

Business social-networking site LinkedIn chief executive Jeff Weiner said he expects to include internal enterprise communication tools like those seen in Salesforce.com’s Chatter and Yammer within LinkedIn.

“Certainly as enterprises become increasingly social, that’s an area where we want to add value,” Weiner said on the company’s earnings call today. “Over time, I fully expect us to be creating more relevant products and services our membership can use where they work.”

LinkedIn, founded by Reid … Continue Reading

LinkedIn CEO: Google+ has reshaped social, but there’s little room left

As Google+ grows at an incredible rate, it’s going to start crowding other social networks.

LinkedIn CEO Jeff Weiner warned that the new service has altered the social landscape and that users don’t have much time left for additional social networking. Something will have to go.

LinkedIn was one of the first major tech players to go public this year and its share price on the New York Stock Exchange sits above $100 per share … Continue Reading