LinkedIn Claims 200 Million Members
Jan 9th 2013 11:06AM
Updated Jan 9th 2013 7:40PM
The social network for professionals, LinkedIn Corp. (NYSE: LNKD) today announced that the company's total membership has risen to 200 million worldwide. LinkedIn said it has added 13 million members since its last report on November 1st.
In a blog post on its website, LinkedIn claims 74 million members in the U.S., followed by 18 million in India, and 11 million in both Brazil and the U.K. The fastest growing countries are Turkey, Colombia, and Indonesia.
The largest number of members - 4 million - are part of the IT and services industry. The financial services industry adds more than 2 million members, while higher education contributes nearly 2 million more, the computer software industry adds another 1.65 million, and the telecom industry adds 1.59 million.
LinkedIn's share price has grown more than 77% in the past 12 months as the firm continues to add members and services. Though sporting just 20% of the count of Facebook Inc. (NASDAQ: FB) users, LinkedIn's can claim far better share price performance than Facebook.
Shares are trading up about 1.2% today at $112.53 in a 52-week range of $64.00 to $125.50.
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