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?