LinkedIn has reached an important milestone as the professional network group today announced it now has over half a billion members in its community. Recently acquired by Microsoft for $26 billion in 2016, the professional network group said in a blog post that it now has half a billion members in 200 countries.
Here is LinkedIn’s Vice President, Growth & International Products Aatif Awan in a blog post on Monday:
“We recently crossed an important and exciting milestone. We now have half a billion members in 200 countries connecting, and engaging with one another in professional conversations and finding opportunities through these connections on LinkedIn.”
A breakdown of the very important landmark, according to Awan shows that LinkedIn now has more than 10 million jobs listed, more than 9 million company profiles, and over 100,000 business articles published each week. LinkedIn presented its facts behind the figure with fun infographic that can be viewed below. From the graph, you will discover that the United Arab Emirate is the most connected country, while London is the most connected city.
For the most connected job function/industry, HR got the top spot; which won’t come as a surprise to anyone considering the number of people who rely on LinkedIn when it comes to getting their dream job.
Image Credit: https://blog.linkedin.com/2017/april/24/the-power-of-linkedins-500-million-community
To sustain this recent achievement and further expand its existing growth, the company rolled out a new update. Before the end of the week you will be able to see some new information about people in your network in the “My Network” tab. In this tab, you will be able to add new connections and accept invites from others.
LinkedIn is adding this new update in order to improve engagement among its community members. Going forward, you will be fed with stats about people you know on the network. According to Ingrid Lunden of TechCrunch who cited a LinkedIn spokesperson, the tab will include lists of who is the most connected in your network, the person with the most mutual connections and interactions with you, your first connection, and so on.
You may also like: Microsoft acquires LinkedIn for $26.2 billion
Last June, Microsoft announced it was taking over LinkedIn business social service for a fee of $26.2 billion. The deal was expected to be finalized without any hitch—though, LinkedIn would be expected to $725 million as breakup fee if it backs out.
Though, details of what Microsoft planned to do with the acquisition was not made public in the announcement, the company’s CEO Satya Nadella assured that LinkedIn will retain its “distinct brand, culture and independence.”
A couple of months after the announcement was made, Salesforce contested the acquisition and presented a case to the EU’s competition authority, stating that the deal [Microsoft’s control of LinkedIn’s dataset following an acquisition would be anticompetitive]. Salesforce built its case on comments made by EU competition chief Margarethe Vestager, that the agency would directly look at a company’s use of data whether it’s bad for competition.
Salesforce Chief Legal Officer Burke Norton had argued in a petition presented to the EU that: “Microsoft’s proposed acquisition of LinkedIn threatens the future of innovation and competition,”