LinkedIn Is A Low Cost Hiring Service

  • SHARES

By Becki Heller Comment

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!

Advertisement
Advertisement