Founding from 2002 to 2011 The company was founded in December 2002 by
Reid Hoffman and the founding team members from
PayPal and Socialnet.com (Allen Blue,
Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri). In late 2003,
Sequoia Capital led the
Series A investment in the company. In August 2004, LinkedIn reached 1 million users. In March 2006, LinkedIn achieved its first month of profitability. In June 2008,
Sequoia Capital,
Greylock Partners, and other
venture capital firms purchased a 5%
stake in the company for $53 million, giving the company a
post-money valuation of approximately $1 billion. In November 2009, LinkedIn opened its office in
Mumbai and soon thereafter in Sydney, as it started its Asia-Pacific team expansion. In 2010, LinkedIn opened an International Headquarters in Dublin,
Ireland, received a $20 million investment from
Tiger Global Management LLC at a valuation of approximately $2 billion, announced its first acquisition, Mspoke, and improved its 1%
premium subscription ratio. In October of that year, Silicon Valley Insider ranked the company No. 10 on its Top 100 List of most valuable startups. By December, the company was valued at $1.575 billion in private markets. LinkedIn started its India operations in 2009 and a major part of the first year was dedicated to understanding professionals in India and educating members to leverage LinkedIn for career development.
2011 to present in San Francisco (opened in March 2016) LinkedIn filed for an
initial public offering in January 2011. The company traded its first shares on May 19, 2011, under the
NYSE symbol "LNKD", at $45 (≈$ in ) per share. Shares of LinkedIn rose as much as 171% on their first day of trade on the New York Stock Exchange and closed at $94.25, more than 109% above
IPO price. Shortly after the IPO, the site's underlying infrastructure was revised to allow accelerated revision-release cycles. LinkedIn's fourth-
quarter 2011, earnings soared because of the company's increase in success in the social media world. By this point, LinkedIn had about 2,100 full-time employees compared to the 500 that it had in 2010. In April 2014, LinkedIn announced that it had leased
222 Second Street, a 26-story building under construction in
San Francisco's SoMa district, to accommodate up to 2,500 of its employees, with the lease covering 10 years. The goal was to join all San Francisco-based staff (1,250 as of January 2016) in one building, bringing sales and
marketing employees together with the
research and development team. In 2016, access to LinkedIn was blocked by
Russian authorities for non-compliance with the 2015 national legislation that requires social media networks to store citizens' personal data on servers located in Russia. In June 2016,
Microsoft announced that it would acquire LinkedIn for $196 a share, a total value of $26.2 billion. It was the largest
acquisition made by Microsoft, until the
acquisition of Activision Blizzard in 2022. The acquisition would be an all-cash, debt-financed transaction. Microsoft would allow LinkedIn to "retain its distinct brand, culture and independence", with Weiner to remain as CEO, who would then report to Microsoft CEO
Satya Nadella. Analysts believed Microsoft saw the opportunity to integrate LinkedIn with its
Office product suite to help better integrate the professional network system with its
products. The deal was completed on December 8, 2016. In late 2016, LinkedIn announced a planned increase of 200 new positions in its
Dublin office, which would bring the total employee count to 1,200. Since 2017 94% of B2B marketers use LinkedIn to distribute content. Soon after LinkedIn's acquisition by Microsoft, LinkedIn's new desktop version was introduced. The new version was meant to make the user experience similar across mobile and desktop. Some changes were made according to the feedback received from the previously launched mobile app. Features that were not heavily used were removed. For example, the contact tagging and filtering features are not supported anymore. Following the launch of the new
user interface (UI), some users complained about the missing features which were there in the older version, slowness, and bugs in it. The issues were faced by free and premium users and with both the desktop and mobile versions of the site. In 2019, LinkedIn launched globally the feature Open for Business that enables freelancers to be discovered on the platform. LinkedIn Events was launched in the same year. In June 2020, Jeff Weiner stepped down as CEO and become executive chairman after 11 years in the role. Ryan Roslansky stepped up as CEO from his previous position as the senior vice president of product. In late July 2020, LinkedIn announced it
laid off 960 employees, about 6 percent of the total workforce, from the talent acquisition and global sales teams. In an email to all employees, CEO
Ryan Roslansky said the cuts were due to effects of the global
COVID-19 pandemic. In April 2021, CyberNews claimed that 500 million LinkedIn's accounts have leaked online. However, LinkedIn stated that "We have investigated an alleged set of LinkedIn data that has been posted for sale and have determined that it is actually an aggregation of data from a number of websites and companies". In June 2021, PrivacySharks claimed that more than 700 million LinkedIn records were on sale on a hacker forum. LinkedIn later stated that this is not a breach, but scraped data which is also a violation of its Terms of Service. In Sep 2021, LinkedIn blocks U.S. journalists' profiles in China. Includes but is not limited to Bethany Allen-Ebrahimian, Melissa Chan, Greg Bruno,
Jojje Olsson, J Michael Cole. Microsoft ended LinkedIn operations in China in October 2021. In 2022, LinkedIn earned $13.8 billion in revenue, compared to $10.3 billion in 2021. In May 2023, LinkedIn cut 716 positions from its 20,000 workforce. The move, according to a letter from the company's CEO Ryan Roslansky, was made to streamline the business's operations. Roslansky further stated that this decision would result in the creation of 250 job opportunities. Additionally, LinkedIn also announced the discontinuance of its China local job apps. In June 2024, Axios reported LinkedIn was testing a new
AI assistant for its paid Premium users. In September 2024, LinkedIn suspended its use of UK user data for AI model training after concerns were raised by the
Information Commissioner's Office (ICO). The platform had quietly opted in users globally for data use in AI training. However, following ICO feedback, LinkedIn paused this practice for UK users. A company spokesperson stated that LinkedIn has always allowed users to control how their data is used and has now provided UK users with an opt-out option. In November 2024, Linkedin challenged
Australian legislation which sought to ban under-16's from social media platforms on the grounds that it does 'not have content interesting and appealing to minors.' In October 2025, the LinkedIn Learning Career Hub was launched.
Acquisitions In July 2012, LinkedIn acquired 15 key
Digg patents for $4 million including a "
click a button to vote up a story" patent.
Perkins lawsuit In 2013, a
class action lawsuit entitled
Perkins vs. LinkedIn Corp was filed against the company, accusing it of automatically sending invitations to contacts in a member's email address book without permission. The court agreed with LinkedIn that permission had in fact been given for invitations to be sent, but not for the two further reminder emails. LinkedIn
settled the lawsuit in 2015 for $13 million (≈$ in ). Many members should have received a notice in their email with the subject line "Legal Notice of Settlement of Class Action". The Case No. is 13-CV-04303-LHK.
hiQ Labs v. LinkedIn In May 2017, LinkedIn sent a
cease-and-desist letter to hiQ Labs, a Silicon Valley startup that collects data from public profiles and provides analysis of this data to its customers. The letter demanded that hiQ immediately cease "scraping" data from LinkedIn's servers, claiming violations of the CFAA (Computer Fraud and Abuse Act) and the DMCA (Digital Millennium Copyright Act). In response hiQ sued LinkedIn in the Northern District of California in
San Francisco, asking the court to prohibit LinkedIn from blocking its access to public profiles while the court considered the merits of its request. The court served a preliminary injunction against LinkedIn, which was then forced to allow hiQ to continue to collect public data. LinkedIn appealed this ruling; in September 2019, the appeals court rejected LinkedIn's arguments and the preliminary injunction was upheld. The dispute is ongoing. == Membership ==