122-471: LinkedIn ( / l ɪ ŋ k t ˈ ɪ n / ) is a business and employment-focused social media platform that works through websites and mobile apps . It was launched on May 5, 2003 by Reid Hoffman and Eric Ly . Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft . The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. From 2015, most of
244-892: A dialogic transmission system (many sources to many receivers) while traditional media operate under a monologic transmission model (one source to many receivers). For instance, a newspaper is delivered to many subscribers, and a radio station broadcasts the same programs to a city. Social media has been criticized for a range of negative impacts on children and teenagers, including exposure to inappropriate content, exploitation by adults, sleep problems, attention problems, feelings of exclusion, and various mental health maladies. Social media has also received criticism as worsening political polarization and undermining democracy . Major news outlets often have strong controls in place to avoid and fix false claims, but social media's unique qualities bring viral content with little to no oversight. "Algorithms that track user engagement to prioritize what
366-444: A man-in-the-middle attack . LinkedIn also supports daily the formation of interest groups. In 2012, there were 1,248,019 such groups whose membership varies from 1 to 744,662. Groups support a limited form of discussion area, moderated by the group owners and managers. Groups may be private, accessible to members only or may be open to Internet users in general to read, though they must join in order to post messages. Since groups offer
488-449: A $ 20 million investment from Tiger Global Management LLC at a valuation of approximately $ 2 billion, announced its first acquisition, Mspoke, and improved its 1% premium subscription ratio. In October of that year, Silicon Valley Insider ranked the company No. 10 on its Top 100 List of most valuable startups. By December, the company was valued at $ 1.575 billion in private markets. LinkedIn started its India operations in 2009 and
610-580: A better result. In addition to the extensive international evidence that auctions have not been popular for IPOs, there is no U.S. evidence to indicate that the Dutch auction fares any better than the traditional IPO in an unwelcoming market environment. A Dutch auction IPO by WhiteGlove Health, Inc., announced in May 2011 was postponed in September of that year, after several failed attempts to price. An article in
732-455: A company is listed, it is able to issue additional common shares in a number of different ways, one of which is the follow-on offering . This method provides capital for various corporate purposes through the issuance of equity (see stock dilution ) without incurring any debt. This ability to quickly raise potentially large amounts of capital from the marketplace is a key reason many companies seek to go public. An IPO accords several benefits to
854-574: A connection. LinkedIn can also be used to organize offline events, join groups, write articles, publish job postings, post photos and videos, and more. Founded in Mountain View, California , LinkedIn is currently headquartered in Sunnyvale, California , with 36 global offices as of February 11, 2024. In February 2024, the company had around 18,500 employees . LinkedIn's current CEO is Ryan Roslansky . Jeff Weiner , previously CEO of LinkedIn,
976-587: A cottage industry of outside consultants has grown up to help users navigate the system. A particular emphasis is helping users with their LinkedIn profiles. There's no hiding in the long grass on LinkedIn ... The number one mistake people make on the profile is to not have a photo. In October 2012, LinkedIn launched the LinkedIn Influencers program, which features global thought leaders who share their professional insights with LinkedIn's members. As of May 2016, there are 750+ Influencers. The program
1098-402: A field or at an organization or network. This can be used to query the neighborhood around each entity to find updates that might be related to it. This also lets them train machine learning models that can infer new properties about an entity or further information that may apply to it for both summary views and analytics. In January 2013, LinkedIn dropped support for LinkedIn Answers and cited
1220-421: A firm's stock of patents mitigates this effect. A Dutch auction allows shares of an initial public offering to be allocated based only on price aggressiveness, with all successful bidders paying the same price per share. One version of the Dutch auction is OpenIPO , which is based on an auction system designed by economist William Vickrey . This auction method ranks bids from highest to lowest, then accepts
1342-644: A fraction of the cost of traditional marketing campaigns. Nonprofit organizations and activists may also attempt to spread content virally. Social media sites provide specific functionality to help users re-share content, such as X 's and Facebook 's "like" option. Bots are automated programs that operate on the internet . They automate many communication tasks. This has led to the creation of an industry of bot providers. Chatbots and social bots are programmed to mimic human interactions such as liking, commenting, and following. Bots have also been developed to facilitate social media marketing . Bots have led
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#17327840208681464-499: A letter from the company's CEO Ryan Roslansky, was made to streamline the business's operations. Roslansky further stated that this decision would result in the creation of 250 job opportunities. Additionally, LinkedIn also announced the discontinuance of its China local job apps. In June 2024, Axios reported LinkedIn was testing a new AI assistant for its paid Premium users. In September 2024, LinkedIn suspended its use of UK user data for AI model training after concerns were raised by
1586-567: A major part of the first year was dedicated to understanding professionals in India and educating members to leverage LinkedIn for career development. LinkedIn filed for an initial public offering in January 2011. The company traded its first shares on May 19, 2011, under the NYSE symbol "LNKD", at $ 45 (~$ 60.00 in 2023) per share. Shares of LinkedIn rose as much as 171% on their first day of trade on
1708-472: A media studio for business users, after YouTube's Creator Studio. The discussion platform Reddit added an integrated image hoster replacing the external image sharing platform Imgur , and then an internal video hosting service, followed by image galleries (multiple images in a single post), known from Imgur. Imgur implemented video sharing. YouTube rolled out a Community feature, for sharing text-only posts and polls . According to Statista , it
1830-489: A member count of one billion. The basic functionality of LinkedIn allows users to create profiles, which for employees typically consist of a curriculum vitae describing their work experience, education and training, skills, and a personal photo. Employers can list jobs and search for potential candidates. Users can find jobs, people and business opportunities recommended by someone in one's contact network. Users can save jobs that they would like to apply for. Users also have
1952-535: A member's profile page. Among the initial applications were an Amazon Reading List that allows LinkedIn members to display books they are reading, a connection to Tripit, and a Six Apart , WordPress and TypePad application that allows members to display their latest blog postings within their LinkedIn profile. In November 2010, LinkedIn allowed businesses to list products and services on company profile pages; it also permitted LinkedIn members to "recommend" products and services and write reviews. Shortly after, some of
2074-560: A mere platform for job searchers into a social network which allows users a chance to create a personal brand. Career coach Pamela Green describes a personal brand as the "emotional experience you want people to have as a result of interacting with you," and a LinkedIn profile is an aspect of that. A contrasting report suggests that a personal brand is "a public-facing persona, exhibited on LinkedIn, Twitter and other networks, that showcases expertise and fosters new connections." LinkedIn allows professionals to build exposure for their brand within
2196-636: A mobile version of the site. In June 2008, Sequoia Capital , Greylock Partners , and other venture capital firms purchased a 5% stake in the company for $ 53 million, giving the company a post-money valuation of approximately $ 1 billion. In November 2009, LinkedIn opened its office in Mumbai and soon thereafter in Sydney, as it started its Asia-Pacific team expansion. In 2010, LinkedIn opened an International Headquarters in Dublin, Ireland , received
2318-457: A new 'focus on development of new and more engaging ways to share and discuss professional topics across LinkedIn' as the reason for the retirement of the feature. The feature had been launched in 2007 and allowed users to post questions to their network and allowed users to rank answers. In 2014, LinkedIn retired InMaps, a feature which allowed you to visualize your professional network. The feature had been in use since January 2011. According to
2440-432: A number of ways. For example, users can search for second-degree connections who work at a company they are interested in, and then ask a specific first-degree connection in common for an introduction. The "gated-access approach" (where contact with any professional requires either an existing relationship, or the intervention of a contact of theirs) is intended to build trust among the service's users. LinkedIn participated in
2562-551: A positive relationship with social media, while emotional stability has a negative sloping relationship with social media. A 2015 study reported that people with a higher social comparison orientation appear to use social media more heavily than people with low social comparison orientation. Common Sense Media reported that children under age 13 in the United States use social networking services although many social media sites require users to be 13 or older. In 2017,
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#17327840208682684-467: A preliminary prospectus, known as a red herring prospectus , during the initial quiet period. The red herring prospectus is so named because of a bold red warning statement printed on its front cover. The warning states that the offering information is incomplete, and may be changed. The actual wording can vary, although most roughly follow the format exhibited on the Facebook IPO red herring. During
2806-429: A service for iPhone users called "Intro", which inserts a thumbnail of a person's LinkedIn profile in correspondence with that person when reading mail messages in the native iOS Mail program . This is accomplished by re-routing all emails from and to the iPhone through LinkedIn servers, which security firm Bishop Fox asserts has serious privacy implications , violates many organizations' security policies , and resembles
2928-420: A share, a total value of $ 26.2 billion. It was the largest acquisition made by Microsoft , until the acquisition of Activision Blizzard in 2022. The acquisition would be an all-cash, debt-financed transaction. Microsoft would allow LinkedIn to "retain its distinct brand, culture and independence", with Weiner to remain as CEO, who would then report to Microsoft CEO Satya Nadella . Analysts believed Microsoft saw
3050-440: A specific time. A human writes a post content and the bot posts it a specific time. In other cases, cyborgs spread fake news . Cyborgs may work as sock puppets , where one human pretends to be someone else, or operates multiple accounts, each pretending to be a person. A multitude of United States patents are related to social media, growing rapidly. As of 2020 , over 5000 social media patent applications had been published in
3172-487: Is theglobe.com IPO which helped fuel the IPO "mania" of the late 1990s internet era. Underwritten by Bear Stearns on 13 November 1998, the IPO was priced at $ 9 per share. The share price quickly increased 1,000% on the opening day of trading, to a high of $ 97. Selling pressure from institutional flipping eventually drove the stock back down, and it closed the day at $ 63. Although the company did raise about $ 30 million from
3294-661: Is actually an aggregation of data from a number of websites and companies". In June 2021, PrivacySharks claimed that more than 700 million LinkedIn records were on sale on a hacker forum. LinkedIn later stated that this is not a breach, but scraped data which is also a violation of their Terms of Service. Microsoft ended LinkedIn operations in China in October 2021. In 2022, LinkedIn earned $ 13.8 billion in revenue, compared to $ 10.3 billion in 2021. In May 2023, LinkedIn cut 716 positions from its 20,000 workforce. The move, according to
3416-545: Is an expensive process, IPOs also typically involve one or more law firms with major practices in securities law , such as the Magic Circle firms of London and the white-shoe firms of New York City. Financial historians Richard Sylla and Robert E. Wright have shown that before 1860 most early U.S. corporations sold shares in themselves directly to the public without the aid of intermediaries like investment banks. The direct public offering (DPO), as they term it,
3538-409: Is estimated that, in 2022, around 3.96 billion people were using social media globally. This number is up from 3.6 billion in 2020. The following is a list of the most popular social networking services based on the number of active users as of January 2024 per Statista . A 2009 study suggested that individual differences may help explain who uses social media: extraversion and openness have
3660-572: Is invite-only and features leaders from a range of industries, including Richard Branson , Narendra Modi , Arianna Huffington , Greg McKeown , Rahm Emanuel , Jamie Dimon , Martha Stewart , Deepak Chopra , Jack Welch , and Bill Gates . Job seekers and employers widely use LinkedIn. According to Jack Meyer, the site has become the "premier digital platform" for professionals to network online. In Australia, which has approximately twelve million working professionals, ten million of them are on LinkedIn, according to Anastasia Santoreneos, suggesting that
3782-451: Is low enough to stimulate interest in the stock but high enough to raise an adequate amount of capital for the company. When pricing an IPO, underwriters use a variety of key performance indicators and non-GAAP measures. The process of determining an optimal price usually involves the underwriters ("syndicate") arranging share purchase commitments from leading institutional investors. Some researchers (Friesen & Swift, 2009) believe that
LinkedIn - Misplaced Pages Continue
3904-777: Is now serving as the Executive Chairman. Reid Hoffman , founder of LinkedIn, is chairman of the board. It was funded by Sequoia Capital , Greylock , Bain Capital Ventures , Bessemer Venture Partners and the European Founders Fund. LinkedIn reached profitability in March 2006. Since January 2011, the company had received a total of $ 103 million (about $ 138 million in 2023) of investment . LinkedIn filed for an initial public offering in January 2011 and traded its first shares in May, under
4026-465: Is possible that the financial incentives of the advisor and client may not be aligned. The issuer usually allows the underwriters an option to increase the size of the offering by up to 15% under a specific circumstance known as the greenshoe or overallotment option. This option is always exercised when the offering is considered a "hot" issue, by virtue of being oversubscribed. In the US, clients are given
4148-610: Is shown tend to favor content that spurs negative emotions like anger and outrage. Overall, most online misinformation originates from a small minority of “superspreaders,” but social media amplifies their reach and influence." The PLATO system was launched in 1960 at the University of Illinois and subsequently commercially marketed by Control Data Corporation . It offered early forms of social media features with innovations such as Notes, PLATO's message-forum application; TERM-talk, its instant-messaging feature; Talkomatic , perhaps
4270-399: Is to generate additional interest in the stock and a rapid rise in share price when it first becomes publicly traded (known as an "IPO pop"). Flipping , or quickly selling shares for a profit , can lead to significant gains for investors who were allocated shares of the IPO at the offering price. However, underpricing an IPO results in lost potential capital for the issuer. One extreme example
4392-582: Is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges . Through this process, colloquially known as floating , or going public , a privately held company is transformed into a public company . Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After
4514-956: Is used to document memories, learn, and form friendships. They may be used to promote people, companies, products, and ideas. Social media can be used to consume, publish, or share news . Popular social media platforms with over 100 million registered users include Twitter , Facebook , WeChat , ShareChat , Instagram , Pinterest , QZone , Weibo , VK , Tumblr , Baidu Tieba , Threads and LinkedIn . Depending on interpretation, other popular platforms that are sometimes referred to as social media services include YouTube , Letterboxd , QQ , Quora , Telegram , WhatsApp , Signal , LINE , Snapchat , Viber , Reddit , Discord , and TikTok . Wikis are examples of collaborative content creation. Social media outlets differ from old media (e.g. newspapers , TV , and radio broadcasting ) in many ways, including quality, reach , frequency , usability, relevancy, and permanence. Social media outlets operate in
4636-452: Is usually underwritten by a " syndicate " of investment banks, the largest of which take the position of "lead underwriter". Upon selling the shares, the underwriters retain a portion of the proceeds as their fee. This fee is called an underwriting spread . The spread is calculated as a discount from the price of the shares sold (called the gross spread ). Components of an underwriting spread in an initial public offering (IPO) typically include
4758-607: The Information Commissioner's Office (ICO). The platform had quietly opted in users globally for data use in AI training. However, following ICO feedback, LinkedIn paused this practice for UK users. A company spokesperson stated that LinkedIn has always allowed users to control how their data is used and has now provided UK users with an opt-out option. In November 2024, Linkedin challenged Australian legislation which sought to ban under-16's from social media platforms on
4880-791: The NYSE symbol "LNKD". The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and Socialnet.com (Allen Blue, Eric Ly , Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri). In late 2003, Sequoia Capital led the Series A investment in the company. In August 2004, LinkedIn reached 1 million users. In March 2006, LinkedIn achieved its first month of profitability. In April 2007, LinkedIn reached 10 million users. In February 2008, LinkedIn launched
5002-493: The United States Department of Homeland Security use social media data as influencing factors during the visa process, and monitor individuals after they have entered the country. CPB officers have also been documented performing searches of electronics and social media behavior at the border, searching both citizens and non-citizens without first obtaining a warrant. As social media gained momentum among
LinkedIn - Misplaced Pages Continue
5124-601: The creation , sharing and aggregation of content (such as ideas, interests, and other forms of expression) amongst virtual communities and networks . Common features include: The term social in regard to media suggests platforms enable communal activity. Social media can enhance and extend human networks. Users access social media through web-based apps or custom apps on mobile devices. These interactive platforms allow individuals, communities, and organizations to share, co-create, discuss, participate in, and modify user-generated or self-curated content. Social media
5246-559: The marketing industry into an analytical crisis, as bots make it difficult to differentiate between human interactions and bot interactions. Some bots violate platforms' terms of use , which can result in bans and campaigns to eliminate bots categorically. Bots may even pose as real people to avoid prohibitions. ' Cyborgs '—either bot-assisted humans or human-assisted bots —are used for both legitimate and illegitimate purposes, from spreading fake news to creating marketing buzz . A common use claimed to be legitimate includes posting at
5368-454: The network etiquette (or " netiquette ") described in a 1982 handbook on computing at MIT 's Artificial Intelligence Laboratory . ARPANET evolved into the Internet in the 1990s. Usenet , conceived by Tom Truscott and Jim Ellis in 1979 at the University of North Carolina at Chapel Hill and Duke University , was the first open social media app, established in 1980. A precursor of
5490-506: The publicani were legal bodies independent of their members whose ownership was divided into shares, or partes . There is evidence that these shares were sold to public investors and traded in a type of over-the-counter market in the Forum , near the Temple of Castor and Pollux . The shares fluctuated in value, encouraging the activity of speculators, or quaestors . Mere evidence remains of
5612-620: The research and development team. In March 2016 they started to move in. In February 2016 following an earnings report, LinkedIn's shares dropped 43.6% within a single day, down to $ 108.38 per share. LinkedIn lost $ 10 billion of its market capitalization that day. In 2016, access to LinkedIn was blocked by Russian authorities for non-compliance with the 2015 national legislation that requires social media networks to store citizens' personal data on servers located in Russia. In June 2016, Microsoft announced that it would acquire LinkedIn for $ 196
5734-726: The CFAA (Computer Fraud and Abuse Act) and the DMCA (Digital Millennium Copyright Act). In response hiQ sued LinkedIn in the Northern District of California in San Francisco , asking the court to prohibit LinkedIn from blocking its access to public profiles while the court considered the merits of its request. The court served a preliminary injunction against LinkedIn, which was then forced to allow hiQ to continue to collect public data. LinkedIn appealed this ruling; in September 2019,
5856-507: The Dutch auction is still a little used method in U.S. public offerings, although there have been hundreds of auction IPOs in other countries. In determining the success or failure of a Dutch auction, one must consider competing objectives. If the objective is to reduce risk, a traditional IPO may be more effective because the underwriter manages the process, rather than leaving the outcome in part to random chance in terms of who chooses to bid or what strategy each bidder chooses to follow. From
5978-407: The Dutch auction system for its initial public offering. Traditional U.S. investment banks have shown resistance to the idea of using an auction process to engage in public securities offerings. The auction method allows for equal access to the allocation of shares and eliminates the favorable treatment accorded important clients by the underwriters in conventional IPOs. In the face of this resistance,
6100-465: The EU's International Safe Harbor Privacy Principles . Users can interact with each other in a variety of ways: Since September 2012, LinkedIn has enabled users to "endorse" each other's skills. However, there is no way of flagging anything other than positive content. LinkedIn solicits endorsements using algorithms that generate skills members might have. Members cannot opt out of such solicitations, with
6222-473: The IPO are restricted from issuing any earnings forecasts or research reports for the company. When the quiet period is over, generally the underwriters will initiate research coverage on the firm. A three-day waiting period exists for any member that has acted as a manager or co-manager in a secondary offering. Not all IPOs are eligible for delivery settlement through the DTC system , which would then either require
SECTION 50
#17327840208686344-509: The IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the number of shares sold to the public) and as a proportion of the total share capital (i.e., the number of shares sold to the public divided by the total shares outstanding). Although IPO offers many benefits, there are also significant costs involved, chiefly those associated with
6466-496: The New York Stock Exchange and closed at $ 94.25, more than 109% above IPO price. Shortly after the IPO, the site's underlying infrastructure was revised to allow accelerated revision-release cycles. In 2011, LinkedIn earned $ 154.6 million in advertising revenue alone, surpassing Twitter , which earned $ 139.5 million. LinkedIn's fourth- quarter 2011, earnings soared because of the company's increase in success in
6588-429: The United States. Only slightly over 100 patents had been issued. As an instance of technological convergence , various social media platforms adapted functionality beyond their original scope, increasingly overlapping with each other. Examples are the social hub site Facebook launching an integrated video platform in May 2007, and Instagram , whose original scope was low-resolution photo sharing, introducing
6710-504: The Wall Street Journal cited the reasons as "broader stock-market volatility and uncertainty about the global economy have made investors wary of investing in new stocks". Under American securities law, there are two-time windows commonly referred to as "quiet periods" during an IPO's history. The first and the one linked above is the period of time following the filing of the company's S-1 but before SEC staff declare
6832-479: The ability to follow different companies. The site also enables members to make "connections" to each other in an online social network which may represent real-world professional relationships. Members can invite anyone to become a connection. Users can obtain introductions to the connections of connections (termed second-degree connections ) and connections of second-degree connections (termed third-degree connections ). A member's list of connections can be used in
6954-523: The ability to interact with LinkedIn's data through creation of managed third-party applications. Applications must go through a review process and request permission from the user before accessing a user's data. Normal use of the API is outlined in LinkedIn's developer documents, including: In October 2008, LinkedIn enabled an "applications platform" which allows external online services to be embedded within
7076-435: The ability to share quarter-minute 640×640 pixel videos (later extended to a minute with increased resolution). Instagram later implemented stories (short videos self-destructing after 24 hours), a concept popularized by Snapchat , as well as IGTV , for seekable videos. Stories were then adopted by YouTube . X , whose original scope was text-based microblogging, later adopted photo sharing, then video sharing, then
7198-503: The advent of Web 2.0 . Social media started in the mid-1990s with the invention of platforms like GeoCities , Classmates.com , and SixDegrees.com . While instant messaging and chat clients existed at the time, SixDegrees was unique as it was the first online service designed for people to connect using their actual names instead of anonymously. It boasted features like profiles, friends lists, and school affiliations, making it "the very first social networking site". The platform's name
7320-579: The appeals court rejected LinkedIn's arguments and the preliminary injunction was upheld. The dispute is ongoing. In 2015, LinkedIn had more than 400 million members in over 200 countries and territories, which was significantly more than competitor Viadeo (50 million as of 2013.) In 2011, its membership grew by approximately two new members every second. In 2020, LinkedIn's membership grew to over 690 million LinkedIn members. As of September 2021, LinkedIn had 774+ million registered members from over 200 countries and territories. In November 2023, LinkedIn reached
7442-408: The assumption of independent private values (that the value of IPO shares to each bidder is entirely independent of their value to others, even though the shares will shortly be traded on the aftermarket). Theory that incorporates assumptions more appropriate to IPOs does not find that sealed bid auctions are an effective form of price discovery, although possibly some modified form of auction might give
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#17327840208687564-422: The authorities, or to criticize the city, politics or religion. The content of these foreign influencers is controlled to make sure that nothing portrays Dubai in a negative light. Initial public offering An initial public offering ( IPO ) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO
7686-632: The availability of smartphones. As of 2023 as many as 4.76 billion people used social media some 59% of the global population. A 2015 review identified four features unique to social media services: In 2019, Merriam-Webster defined social media as "forms of electronic communication (such as websites for social networking and microblogging) through which users create online communities to share information, ideas, personal messages, and other content (such as videos)." Social media encompasses an expanding suite of services: Some services offer more than one type of service. Mobile social media refers to
7808-422: The capital to its public investors. Those investors must endure the unpredictable nature of the open market to price and trade their shares. After the IPO, when shares are traded in the market, money passes between public investors. For early private investors who choose to sell shares as part of the IPO process, the IPO represents an opportunity to monetize their investment. After the IPO, once shares are traded in
7930-407: The company (primary offering) as well as to any early private investors who opt to sell all or a portion of their holdings (secondary offerings) as part of the larger IPO. An IPO, therefore, allows a company to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of the debt, or working capital. A company selling common shares is never required to repay
8052-477: The company's revenue came from selling access to information about its members to recruiters and sales professionals. LinkedIn has more than 1 billion registered members from over 200 countries and territories. LinkedIn allows members (both employees and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. Members can invite anyone (whether an existing member or not) to become
8174-433: The company's website, LinkedIn Referrals will no longer be available after May 2018. In September 2021, LinkedIn discontinued LinkedIn stories, a feature that was rolled out worldwide in October 2020. LinkedIn is particularly well-suited for personal branding, which, according to Sandra Long, entails "actively managing one's image and unique value" to position oneself for career opportunities. LinkedIn has evolved from being
8296-442: The concession, while the member of the syndicate who provided the shares to that broker-dealer would retain the underwriting fee. Usually, the managing/lead underwriter, also known as the bookrunner , typically the underwriter selling the largest proportions of the IPO, takes the highest portion of the gross spread , up to 8% in some cases. Multinational IPOs may have many syndicates to deal with differing legal requirements in both
8418-602: The coronavirus disease 2019 pandemic and pediatric critical care." However others in the medical community were concerned about social media addiction, as it became an increasingly important context and therefore "source of social validation and reinforcement" and were unsure whether increased social media use was harmful. Governments may use social media to (for example): Social media has been used extensively in civil and criminal investigations . It has also been used to search for missing persons. Police departments often make use of official social media accounts to engage with
8540-559: The electronic bulletin board system (BBS), known as Community Memory , appeared by 1973. Mainstream BBSs arrived with the Computer Bulletin Board System in Chicago, which launched on February 16, 1978. Before long, most major US cities had more than one BBS, running on TRS-80 , Apple II , Atari 8-bit computers , IBM PC , Commodore 64 , Sinclair , and others. CompuServe , Prodigy , and AOL were three of
8662-513: The external services were no longer supported, including Amazon's Reading List. A mobile version of the site was launched in February 2008 and made available in six languages: Chinese, English, French, German, Japanese and Spanish. In January 2011, LinkedIn acquired CardMunch, a mobile app maker that scans business cards and converts into contacts. In June 2013, CardMunch was noted as an available LinkedIn app. In October 2013, LinkedIn announced
8784-451: The final IPO prospectus is for the issuer to retain one of the major financial "printers", who print (and today, also electronically file with the SEC ) the registration statement on Form S-1. Typically, preparation of the final prospectus is actually performed at the printer, wherein one of their multiple conference rooms the issuer, issuer's counsel (attorneys), underwriter's counsel (attorneys),
8906-425: The firm conducted a survey of parents of children from birth to age 8 and reported that 4% of children at this age used social media sites such as Instagram , Snapchat , or (now-defunct) Musical.ly "often" or "sometimes". Their 2019 survey surveyed Americans ages 8–16 and reported that about 31% of children ages 8–12 use social media. In that survey, teens aged 16–18 were asked when they started using social media.
9028-403: The first online chat room ; News Report, a crowdsourced online newspaper, and blog and Access Lists, enabling the owner of a note file or other application to limit access to a certain set of users, for example, only friends, classmates, or co-workers. ARPANET , which came online in 1969, had by the late 1970s enabled exchange of non-government/business ideas and communication, as evidenced by
9150-468: The following (on a per-share basis): Manager's fee, Underwriting fee—earned by members of the syndicate, and the Concession—earned by the broker-dealer selling the shares. The Manager would be entitled to the entire underwriting spread. A member of the syndicate is entitled to the underwriting fee and the concession. A broker-dealer who is not a member of the syndicate but sells shares would receive only
9272-521: The functionality to reach a wide audience without so easily falling foul of anti-spam solutions , there is a constant stream of spam postings, and there now exists a range of firms who offer a spamming service for this very purpose. LinkedIn has devised a few mechanisms to reduce the volume of spam, but recently decided to remove the ability of group owners to inspect the email address of new members in order to determine if they were spammers. Groups also keep their members informed through emails with updates to
9394-479: The general public to collect information regarding corona virus pandemics in various perspectives. During these days, people are forced to stay at home and the social media have connected and supported awareness and pandemic updates." Healthcare workers and systems became more aware of social media as a place people were getting health information: "During the COVID-19 pandemic, social media use has accelerated to
9516-537: The grounds that it does 'not have content interesting and appealing to minors.' In July 2012, LinkedIn acquired 15 key Digg patents for $ 4 million including a " click a button to vote up a story " patent. In 2013, a class action lawsuit entitled Perkins vs. LinkedIn Corp was filed against the company, accusing it of automatically sending invitations to contacts in a member's email address book without permission. The court agreed with LinkedIn that permission had in fact been given for invitations to be sent, but not for
9638-528: The group, including most talked about discussions within your professional circles. In December 2011, LinkedIn announced that they are rolling out polls to groups. In November 2013, LinkedIn announced the addition of Showcase Pages to the platform. In 2014, LinkedIn announced they were going to be removing Product and Services Pages paving the way for a greater focus on Showcase Pages. LinkedIn maintains an internal knowledge graph of entities (people, organizations, groups) that helps it connect everyone working in
9760-421: The highest bids that allow all shares to be sold, with all winning bidders paying the same price. It is similar to the model used to auction Treasury bills , notes, and bonds since the 1990s. Before this, Treasury bills were auctioned through a discriminatory or pay-what-you-bid auction, in which the various winning bidders each paid the price (or yield) they bid, and thus the various winning bidders did not all pay
9882-458: The issued shares, the stock may fall in value on the first day of trading. If so, the stock may lose its marketability and hence even more of its value. This could result in losses for investors, many of whom being the most favored clients of the underwriters. Perhaps the best-known example of this is the Facebook IPO in 2012. Underwriters, therefore, take many factors into consideration when pricing an IPO, and attempt to reach an offering price that
10004-425: The issuer's domestic market and other regions. For example, an issuer based in the E.U. may be represented by the major selling syndicate in its domestic market, Europe, in addition to separate group corporations or selling them for US/Canada and Asia. Usually, the lead underwriter in the head selling group is also the lead bank in the other selling groups. Because of the wide array of legal requirements and because it
10126-693: The largest BBS companies and were the first to migrate to the Internet in the 1990s. Between the mid-1980s and the mid-1990s, BBSes numbered in the tens of thousands in North America alone. Message forums were the signature BBS phenomenon throughout the 1980s and early 1990s. In 1991, Tim Berners-Lee integrated HTML hypertext software with the Internet, creating the World Wide Web . This breakthrough led to an explosion of blogs , list servers , and email services. Message forums migrated to
10248-668: The lead underwriter(s), and the issuer's accountants/auditors make final edits and proofreading, concluding with the filing of the final prospectus by the financial printer with the Securities and Exchange Commission. Before legal actions initiated by New York Attorney General Eliot Spitzer , which later became known as the Global Settlement enforcement agreement, some large investment firms had initiated favorable research coverage of companies in an effort to aid corporate finance departments and retail divisions engaged in
10370-426: The listing regime. Planning is crucial to a successful IPO. One book suggests the following seven planning steps: IPOs generally involve one or more investment banks known as " underwriters ". The company offering its shares, called the "issuer", enters into a contract with a lead underwriter to sell its shares to the public. The underwriter then approaches investors with offers to sell those shares. A large IPO
10492-520: The marketing of new issues. The central issue in that enforcement agreement had been judged in court previously. It involved the conflict of interest between the investment banking and analysis departments of ten of the largest investment firms in the United States. The investment firms involved in the settlement had all engaged in actions and practices that had allowed the inappropriate influence of their research analysts by their investment bankers seeking lucrative fees. A typical violation addressed by
10614-669: The median age was 14, although 28% said they started to use it before reaching 13. Social media played a role in communication during the COVID-19 pandemic . In June 2020, a survey by Cartoon Network and the Cyberbullying Research Center surveyed Americans tweens (ages 9–12) and reported that the most popular application was YouTube (67%). (as age increased, tweens were more likely to have used social media apps and games.) Similarly, Common Sense Media's 2020 survey of Americans ages 13–18 reported that YouTube
10736-462: The missing features which were there in the older version, slowness, and bugs in it. The issues were faced by free and premium users and with both the desktop and mobile versions of the site. In 2019, LinkedIn launched globally the feature Open for Business that enables freelancers to be discovered on the platform. LinkedIn Events was launched in the same year. In June 2020, Jeff Weiner stepped down as CEO and become executive chairman after 11 years in
10858-427: The offering, it is estimated that with the level of demand for the offering and the volume of trading that took place they might have left upwards of $ 200 million on the table. The danger of overpricing is also an important consideration. If a stock is offered to the public at a higher price than the market will pay, the underwriters may have trouble meeting their commitments to sell shares. Even if they sell all of
10980-405: The open market, investors holding large blocks of shares can either sell those shares piecemeal in the open market or sell a large block of shares directly to the public, at a fixed price , through a secondary market offering . This type of offering is not dilutive since no new shares are being created. Stock prices can change dramatically during a company's first days in the public market. Once
11102-490: The opportunity to integrate LinkedIn with its Office product suite to help better integrate the professional network system with its products . The deal was completed on December 8, 2016. In late 2016, LinkedIn announced a planned increase of 200 new positions in its Dublin office, which would bring the total employee count to 1,200. Since 2017 94% of B2B marketers use LinkedIn to distribute content. Soon after LinkedIn's acquisition by Microsoft, LinkedIn's new desktop version
11224-401: The physical delivery of the stock certificates to the clearing agent bank's custodian or a delivery versus payment (DVP) arrangement with the selling group firm. "Stag profit" is a situation in the stock market before and immediately after a company's initial public offering (or any new issue of shares). A "stag" is a party or individual who subscribes to the new issue expecting the price of
11346-564: The point of becoming a ubiquitous part of modern healthcare systems." This also led to the spread of disinformation . On December 11, 2020, the CDC put out a "Call to Action: Managing the Infodemic ". Some healthcare organizations used hashtags as interventions and published articles on their Twitter data: "Promotion of the joint usage of #PedsICU and #COVID19 throughout the international pediatric critical care community in tweets relevant to
11468-491: The potential to spread virally , an analogy for the way viral infections spread contagiously from individual to individual. One user spreads a post across their network, which leads those users to follow suit. A post from a relatively unknown user can reach vast numbers of people within hours. Virality is not guaranteed; few posts make the transition. Viral marketing campaigns are particularly attractive to businesses because they can achieve widespread advertising coverage at
11590-686: The previously private company: There are several disadvantages to completing an initial public offering: IPO procedures are governed by different laws in different countries. In the United States, IPOs are regulated by the United States Securities and Exchange Commission under the Securities Act of 1933 . In the United Kingdom, the UK Listing Authority reviews and approves prospectuses and operates
11712-545: The prices for which partes were sold, the nature of initial public offerings, or a description of stock market behavior. Publicani lost favor with the fall of the Republic and the rise of the Empire . In the United States, the first IPO was the public offering of Bank of North America around 1783. When a company becomes publicly listed, the money paid by the investing public for the newly issued shares goes directly to
11834-424: The probability was high that one's "future employer is probably on the site." According to one estimate based on worldwide figures, 122 million users got job interviews via LinkedIn and 35 million were hired by a LinkedIn online connection. LinkedIn also allows users to research companies, non-profit organizations, and governments they may be interested in working for. Typing the name of a company or organization in
11956-465: The process such as banking and legal fees, and the ongoing requirement to disclose important and sometimes sensitive information. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus . Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing
12078-464: The public, publicize police activity, and burnish law enforcement's image; conversely, video footage of citizen-documented police brutality and other misconduct has sometimes been posted to social media. In the United States, U.S. Immigration and Customs Enforcement identifies and track individuals via social media, and has apprehended some people via social media-based sting operations. U.S. Customs and Border Protection (also known as CPB) and
12200-522: The quiet period, the shares cannot be offered for sale. Brokers can, however, take indications of interest from their clients. At the time of the stock launch, after the Registration Statement has become effective, indications of interest can be converted to buy orders, at the discretion of the buyer. Sales can only be made through a final prospectus cleared by the Securities and Exchange Commission. The final step in preparing and filing
12322-413: The registration statement effective. During this time, issuers, company insiders, analysts, and other parties are legally restricted in their ability to discuss or promote the upcoming IPO (U.S. Securities and Exchange Commission, 2005). The other "quiet period" refers to a period of 10 calendar days following an IPO's first day of public trading. During this time, insiders and any underwriters involved in
12444-469: The result that it sometimes appears that a member is soliciting an endorsement for a non-existent skill. LinkedIn 'applications' often refer to external third-party applications that interact with LinkedIn's developer API. However, in some cases, it could refer to sanctioned applications featured on a user's profile page. In February 2015, LinkedIn released an updated terms of use for their developer API. The developer API allows both companies and individuals
12566-621: The role. Ryan Roslansky stepped up as CEO from his previous position as the senior vice president of product. In late July 2020, LinkedIn announced it laid off 960 employees, about 6 percent of the total workforce, from the talent acquisition and global sales teams. In an email to all employees, CEO Ryan Roslansky said the cuts were due to effects of the global COVID-19 pandemic . In April 2021, CyberNews claimed that 500 million LinkedIn's accounts have leaked online. However, LinkedIn stated that "We have investigated an alleged set of LinkedIn data that has been posted for sale and have determined that it
12688-549: The same price. Both discriminatory and uniform price or "Dutch" auctions have been used for IPOs in many countries, although only uniform price auctions have been used so far in the US. Large IPO auctions include Japan Tobacco, Singapore Telecom, BAA Plc and Google (ordered by size of proceeds). A variation of the Dutch auction has been used to take a number of U.S. companies public including Morningstar , Interactive Brokers Group , Overstock.com , Ravenswood Winery, Clean Energy Fuels, and Boston Beer Company . In 2004, Google used
12810-647: The search box causes pop-up data about the company or organization to appear. Such data may include the ratio of female to male employees, the percentage of the most common titles/positions held within the company, the location of the company's headquarters and offices, and a list of present and former employees. In July 2011, LinkedIn launched a new feature allowing companies to include an "Apply with LinkedIn" button on job listing pages. The new plugin allowed potential employees to apply for positions using their LinkedIn profiles as resumes. Social media platform Social media are interactive technologies that facilitate
12932-476: The settlement was the case of CSFB and Salomon Smith Barney , which were alleged to have engaged in the inappropriate spinning of "hot" IPOs and issued fraudulent research reports in violation of various sections within the Securities Exchange Act of 1934 . A company planning an IPO typically appoints a lead manager, known as a bookrunner , to help it arrive at an appropriate price at which
13054-414: The shares should be offered. There are two primary ways in which the price of an IPO can be determined. Either the company, with the help of its lead managers, fixes a price ("fixed price method"), or the price can be determined through analysis of confidential investor demand data compiled by the bookrunner (" book building "). Historically, many IPOs have been underpriced. The effect of underpricing an IPO
13176-624: The site itself and on the World Wide Web as a whole. With a tool that LinkedIn dubs a Profile Strength Meter , the site encourages users to offer enough information in their profile to optimize visibility by search engines . It can strengthen a user's LinkedIn presence if they belong to professional groups on the site. The site enables users to add a video to their profiles. Some users hire a professional photographer for their profile photo. Video presentations can be added to one's profile. LinkedIn's capabilities have been expanding so rapidly that
13298-504: The social media world. By this point, LinkedIn had about 2,100 full-time employees compared to the 500 that it had in 2010. In April 2014, LinkedIn announced that it had leased 222 Second Street , a 26-story building under construction in San Francisco's SoMa district, to accommodate up to 2,500 of its employees, with the lease covering 10 years. The goal was to join all San Francisco-based staff (1,250 as of January 2016) in one building, bringing sales and marketing employees together with
13420-419: The stock to rise immediately upon the start of trading. Thus, stag profit is the financial gain accumulated by the party or individual resulting from the value of the shares rising. This term is more popular in the United Kingdom than in the United States. In the US, such investors are usually called flippers, because they get shares in the offering and then immediately turn around " flipping " or selling them on
13542-574: The two further reminder emails. LinkedIn settled the lawsuit in 2015 for $ 13 million (~$ 16.3 million in 2023). Many members should have received a notice in their email with the subject line "Legal Notice of Settlement of Class Action". The Case No. is 13-CV-04303-LHK. In May 2017, LinkedIn sent a Cease-And-Desist letter to hiQ Labs, a Silicon Valley startup that collects data from public profiles and provides analysis of this data to its customers. The letter demanded that hiQ immediately cease "scraping" data from LinkedIn's servers, claiming violations of
13664-447: The underpricing of IPOs is less a deliberate act on the part of issuers and/or underwriters, and more the result of an over-reaction on the part of investors (Friesen & Swift, 2009). One potential method for determining to underprice is through the use of IPO underpricing algorithms . Other researchers have discovered that firms with higher revenues from licensing-based technology commercialization exhibit greater IPO underpricing, while
13786-399: The underwriters. A licensed securities salesperson ( Registered Representative in the US and Canada) selling shares of a public offering to his clients is paid a portion of the selling concession (the fee paid by the issuer to the underwriter) rather than by his client. In some situations, when the IPO is not a "hot" issue (undersubscribed), and where the salesperson is the client's advisor, it
13908-457: The use of social media on mobile devices such as smartphones and tablets . It is distinguished by its ubiquity, since users no longer have to be at a desk in order to participate on a computer . Mobile services can further make use of the user's immediate location to offer information, connections, or services relevant to that location. According to Andreas Kaplan , mobile social media activities fall among four types: Certain content has
14030-528: The value of shares (share price) and establishing a public market for shares (initial sale). Alternative methods such as the Dutch auction have also been explored and applied for several IPOs. The earliest form of a company which issued public shares was the case of the publicani during the Roman Republic , although this claim is not shared by all modern scholars. Like modern joint-stock companies,
14152-405: The viewpoint of the investor, the Dutch auction allows everyone equal access. Moreover, some forms of the Dutch auction allow the underwriter to be more active in coordinating bids and even communicating general auction trends to some bidders during the bidding period. Some have also argued that a uniform price auction is more effective at price discovery , although the theory behind this is based on
14274-448: The web, and evolved into Internet forums , supported by cheaper access as well as the ability to handle far more people simultaneously. These early text-based systems expanded to include images and video in the 21st century, aided by digital cameras and camera phones . The evolution of online services progressed from serving as channels for networked communication to becoming interactive platforms for networked social interaction with
14396-697: The younger generations, governments began using it to improve their image, especially among the youth. In January 2021, Egyptian authorities were reported to be using Instagram influencers as part of its media ambassadors program. The program was designed to revamp Egypt 's image and to counter the bad press Egypt had received because of the country's human rights record. Saudi Arabia and the United Arab Emirates participated in similar programs. Similarly, Dubai has extensively relied on social media and influencers to promote tourism. However, Dubai laws have kept these influencers within limits to not offend
14518-446: Was inspired by the " six degrees of separation " concept, which suggests that every person on the planet is just six connections away from everyone else. In the early 2000s, social media platforms gained widespread popularity with the likes of Friendster and Myspace , followed by Facebook , YouTube , and Twitter . Research from 2015 reported that globally, users spent 22% of their online time on social networks, likely fueled by
14640-422: Was introduced. The new version was meant to make the user experience seamless across mobile and desktop. Some changes were made according to the feedback received from the previously launched mobile app. Features that were not heavily used were removed. For example, the contact tagging and filtering features are not supported anymore. Following the launch of the new user interface (UI), some users complained about
14762-513: Was not done by auction but rather at a share price set by the issuing corporation. In this sense, it is the same as the fixed price public offers that were the traditional IPO method in most non-US countries in the early 1990s. The DPO eliminated the agency problem associated with offerings intermediated by investment banks. The sale (allocation and pricing) of shares in an IPO may take several forms. Common methods include: Public offerings are sold to both institutional investors and retail clients of
14884-414: Was the most popular (used by 86% of 13- to 18-year-olds). As children aged, they increasingly utilized social media services and often used YouTube to consume content. While adults were using social media before the COVID-19 pandemic , more started using it to stay socially connected and to get pandemic updates. "Social media have become popularly use to seek for medical information and have fascinated
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