Reid Hoffman, CEO of LinkedIn, was on Charlie Rose the other night. Some interesting highlights of the conversation include the following:
*Only 27 percent of subscribers to LinkedIn are recruiters and hiring managers.
*Hedge funds use it to source experts.
*They only became profitable in the last two quarters, with Q4 being their highest revenue quarter ever.
*They have three main sources of revenue, subscription fees, advertising, and in Hoffman’s words, “We have a software-as-a-service business primarily driven by recruiting…We are the disruptive low-cost provider of really good hiring services.”
Want to know more about the business of LinkedIn and what they can do for you or your career? Watch the video!