LinkedIn, which had a successful IPO earlier this year, should see a major impact to its stock price in the coming week. Despite listing at a relatively high valuation, LinkedIn has gained around 74% since its IPO on May 19, 2011. Much of the increase can be attributed to the low float. Less than 10% of LinkedIn’s total stock is currently tradable in the open market.
However, on November 21, LinkedIn’s lockup period for its shareholders will end, triggering a potentially huge selloff in the market. LinkedIn’s float is expected to increase significantly next week. Some analysts expect it to more than triple.
LinkedIn’s stock is down around 5% today, following speculation of a highly probable selloff on November 21.
Many of LinkedIn’s early investors and employees are expected to liquidate at least part of their positions in the coming weeks. This will likely spawn a lot of newly minted “LinkedIn millionaires”. Following LinkedIn, even Groupon IPOed earlier this month, and its stock is currently trading at a significant premium to its initial price. Even Zynga is expected to IPO by the end of this month.
Disclosure: I don’t have any open positions in LinkedIn, but I’m very inclined to go short on it.
Today, Linkedin announced that they have crossed 10 million users from India. That’s quite an achievement. According to the latest data available, around 5.3% of population use in Internet in India as of 2009. That is, almost 16% of Internet users in India have a profile on Linkedin.
But is this a milestone that really matters?
Some interesting statistics on Linkedin users in India:
- 16105 professionals listed the term social media’ in their profiles
- 19027 people in Indian listed bollywood’, hollywood’ or film’ in their LinkedIn profile
Speaking from personal experience, I honored Linkedin today for their 10 million achievement in India by logging in to Linkedin after almost six months. A couple of weeks ago, I wanted to hire a few writers for my site but I surprisingly didn’t even think about Linkedin for the search. Instead I just created a page for requirements and posted it on Facebook and Twitter. The result? I received more than 30 responses from people whom I would hire in a blink of an eye.
But that’s not all. Apart from being almost useless when it comes to finding a right hire, Linkedin is also a spam center for those social media experts. Here’s Alok Kejriwal from Contest2win.com outing his frustration on Linkedin spam. As I look in to my Linkedin inbox, I find more requests for endorsements from people with whom I have never done any business and messages from people promoting their business as if they were distributing some broucher advertisement.
There’s no denying that 80% of jobs comes through reference. Job listing sites like Monster, Naukri, etc stand little or no chance is the social age yet major companies make use of these job listing sites for hires.
I am yet to come across anyone receiving a job offer via Linkedin or finding a deserving candidate, for that matter. If you have, please share your story in comments section.
In April, Facebook announced that it has about 25 million (now 28.5 million) users in India. Facebook users in India range from business people and students to public figures and institutions. And applications like Branchout could turn into a good alternative to Linkedin without requiring me to logging in to a separate site for the same. Unless Linkedin really solves any purpose it will just remain a online presence for me.
LinkedIn – the social network for professionals is seeing a fast growth in India. The company recently did it’s IPO and what could be a more better news than hitting the landmark of 10 Million registered users in India. There are already many online job portals in India such as Naukri.com, Monster.com and others but none provide a social angle to Job hunting, the way LinkedIn does.
Although, there is a desi social network for professional called brijj.com which has 4 Million registered users (claimed) but the experience and user engagement is of no match to LinkedIn. LinkedIn had 5 Million registered users in the month of May last year (2010) and this years 10 Million figure seals LinkedIn’s 100% growth in the country.
In order to increase it’s reach among users and brands, LinkedIn has been taking many initiatives such as the launch of Company pages for all Indian companies. However, LinkedIn needs to do more in order to beat it’s competitors (naukri.com and monster.com) hands down. Naukri.com has a very vast reach in India among users when it comes to searching for jobs as users know these websites as job search engines. LinkedIn has to come up with an awareness campaign for users in India so that they start understanding the power of LinkedIn as well.
LinkedIn is a special networking website that helps over millions of professionals around the world connect with each other. Recently LinkedIn introduced a feature called “Company Pages” to help companies attract new customers by displaying their products, services and recommendations in a trusted environment. However, this feature was currently available to only 3 companies in India – Volkswagen India, Spear Logistics and Indus Net Technologies.
But now this feature – “Company Pages” has been made available to all Indian Companies irrespective of the company size and it’s business. This is a welcome move from LinkedIn as in today’s digital world, online showcasing and advertising surely helps companies to market their products better.
Hari V Krishnan, country manager for LinkedIn India said that LinkedIn has more plans about engaging with Indian Businesses in real time. He also said that LinkedIn will continue to invest in understanding the Indian consumer’s demands and concluded by saying that LinkedIn has seen almost 100 per cent growth in India this year.
Just a few minutes ago I wrote about a mysterious link called "Directory" appearing on certain profiles in Twitter. It turns out that it is a full page replacement for "Who To Follow" on Twitter.
As you can see from the screenshot above, which you can also see for yourself here, Twitter is now displaying "Who to follow" and friend suggestions in an entirely different page altogether.
However, there is a interesting section in the sidebar of this page called "Related Services" where Twitter has tied up with several other networks including LinkedIn, WeFollow and Bing among others. These services will allow you to find your people and follow them on Twitter.
This tie-up will allow Twitter to tap into other services to allow users to connect to people they already know on different social networking services. Unfortunately, Twitter does not have a tie-up with Facebook yet, and Twitter’s co-founder Evan Williams had made that clear at the Web 2.0 summit, which was also reported by the NYT.
So, the mysterious directory service on twitter is after all a way to allow people to connect with more people and also use other services to connect with people they already know there.
LinkedIn didn’t gain much popularity until 3-4 years ago but it is a fact that this professional social network is older than most of the major sites like Facebook, YouTube and Twitter. LinkedIn was officially launched on 5th May 2003 and here is a screenshot of how it looked back then:
Even though LinkedIn only has a little over 50 Million users compared to Facebook’s 500 Million, it is highly targeted towards professionals and offers much more serious networking opportunities. LinkedIn has an estimated valuation of over $1 Billion now which will only grow with time. One thing that might have kept LinkedIn’s growth sluggish for a while is lack of third-party apps and plugins to expand the network’s functionality. Something that helped Facebook and Twitter tremendously in achieving an exponential growth in their early years.
The news about 7th birthday was revealed by a Tweet from a senior LinkedIn executive, and was celebrated in the India office. What do you think about LinkedIn’s current direction and market position? Do you think Facebook might step over their boundry soon with a professional version?
While routinely searching for a person on Google, I came across a new feature in Google Search where Google is displaying Facebook friends for a particular user in the search results.
As you can see from the screenshot above, searching for my own name resulted in the following search results, the more interesting thing though is that Google is also displaying names of friends from Facebook (the above account is not mine though and belongs to another Keith D’souza).
The friend list snippet is displayed for public Facebook profiles of users, it is not available for Facebook users who have disabled third party sites from accessing their information. Here is another example for a search I did for Robert Scoble.
Google did not display the Facebook Friends for Amit Agarwal, which might suggest that there are privacy settings restricting it. However, it did display the LinkedIn Profile information for the same search.
Why would Google want to display Facebook Friends in search results? The only reason I can think of right now is to allow users to see find people based on common friends. This could also mean that Google is trying to make it easier for people to find and connect with others through search results.
Unfortunately, there is nothing you can do to remove this information from the search results at Google. You will have to explicitly change the settings in Facebook and LinkedIn to make the information more private.
What do you think about the new additions to the search results? Do you think it would be helpful in finding the correct person? Or do you think that it is an invasion of your privacy?