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Become a Local Blogging Celebrity with LinkedIn

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Linkedin Local There are a number of social media sites that have captured the hearts and attention span of the modern world. Internet users rely on social networking a great deal for any number of tasks, originally personal but not more along the lines of professional. In fact, using such sites for self promotion, business networking and marketing is becoming second nature to the site genre.

Some sites have been created specifically for this purpose, and one of the most well known is LinkedIn. Well established, full of people in every industry and very beneficial, you probably already have an account or have thought about getting one. It is recommended, as a quick means of making connections with others in relevant industries, or just maintaining and easily accessible online resume.

But beyond that, LinkedIn can provide a fantastic method of local marketing. This is a means of targeting a local audience to become a kind of celebrity of sorts to those in your immediate area. This is much more simple to achieve than gaining a mass notoriety within your industry. [Read more…]

LinkedIn To Spend Big On Security Following Breach

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LinkedIn6.5 million users watched as their personal LinkedIn account information was hacked in June 2012 and now the company has promised to counter future network breaches by spending big network security.

LinkedIn reported another strong and profitable Q2 2012 and LinkedIn CEO Jeff Weiner told investors this week at the company’s earnings call that the cost of security would effect the bottom line by upwards of $2 million to $3 million.

According to Weiner:

“In June, we reported the theft of six-and-a-half million LinkedIn member passwords that were published on an unauthorized website. Though no member login information was published, we disabled the passwords of the accounts that we deemed to be at risk. Since then, we have redoubled our efforts to ensure the safety of member accounts on LinkedIn by further improving password-strengthening measures and enhancing the security of our infrastructure and data. The health of our network, as measured by member growth and engagement, is as strong as it was prior to the incident.”

Weiner’s sentiments were echoed by LInkedIn SVP and CFO Steve Sordello who told investors the company has already spent upwards of $1 million handling the breach. [Read more…]

LinkedIn Remains Profitable In Another Quarter

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LinkedIn Revenues and Profits Increase AgainThere was a lot of doubt from analysts and users when LinkedIn decided to launch its initial public offering (IPO) however the company has since proven its business model and in Q2 2012 the company once again reported a profit.

In a letter to investors Jeff Weiner, CEO of LinkedIn noted:

“LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance. Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.”

Those unique visitors now number 175 million members while the business reported a 107% increase in revenue from its hiring solutions platform, up to $121.6 million for 53% of the social networks total revenue. In the same period of 2011 hiring solutions accounted for 48% of the networks revenue.

In a statement to investors linked in posted the following financial information: [Read more…]

Class Action Lawsuit Filed Against LinkedIn

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LinkedIn SuedSince going public LinkedIn has managed to record record profits, grow quarterly and attract millions of new users. Unfortunately the company has also failed to live up to security measures which has led to a $5 million class action lawsuit.

Last month 6 million user passwords were leaked to a Russian website and the company has been hit with several phishing scams.

The full lawsuit was uploaded to Scribd by the user jeff_roberts881 and was filed by Katie Szpyrka “on behalf of all others similarly situated” against the “LinkedIn Corporation.”

The lawsuit specifically addresses LinkedIn’s inability to protect email addresses, passwords and login credentials. The lawsuit claims that the lack of security is in direction violation of LinkedIn’s own “User Agreement and Privacy Policy.” [Read more…]