LinkedIn Rakes In 13 Million

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LinkedIn Rakes In $13 Million

By: Andy Beal
2007-01-29

Michael Arrington has news that business social network LinkedIn has secured another $12.8 million in financing.

Link: Michael Arrington has news

LinkedIn has seen great growth, with $10 million in revenue in 2006 - impressive for any social network - and the successful launch of LinkedIn Answers. So, the question is, with that type of success, what do they need the money for?

Clearly they have plans to roll-out new features but would they need $13m for that? Maybe they're looking to make an acquisition, which is what my money would be on.

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View All Articles by Andy Beal

About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].


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