The well-known professional network LinkedIn announced on its official blog today that it has grown to 400 million members around the world. This is a step towards the company’s vision to create “the world’s fist digital economic graph”.
(According to the company’s blog, 40% of LinkedIn members are using mobile to look for new jobs)
Why this is important ?
Because we, the users, are the core of this economic graph by providing a tremendous amount of information through our feeds and updates. LinkedIn launched many services, such as Talent Solution, for both individuals and firms to share their experiences and needs.
Financially, the company has a diversified business model with revenues coming from member subscriptions, advertising sales, and talent solutions. These strategies draw a promising future for this company so far.
3- Additional videos :
- New LinkedIn Mobile App for the Every day Professional
- How Does LinkedIn Work and Make Money ? (by Bloomberg Business)
A) As a professional, have you considered looking for a job through LinkedIn or similar platform? Why or why not ?
B) In your opinion, do you think that “professional social media platforms” have an impact on the labor market and recruitment processes ? Is it possible that these websites have the potential to replace the current systems ?