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=== 2011 to present === [[File:222secondStreet.jpg|thumb|LinkedIn office building at [[222 Second Street]] in San Francisco (opened in March 2016)]] [[File:LinkedInOfficeToronto2.jpg|thumb|LinkedIn office in Toronto inside the [[Toronto Eaton Centre]]]] 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 $45 (~${{Format price|{{Inflation|index=US-GDP|value=45|start_year=2011}}}} in {{Inflation/year|US-GDP}}) per share.<ref>{{Cite web |last=Rao |first=Leena |date=2011-05-19 |title=LinkedIn IPO Shares Pop 84 Percent On First Trade, Opens With $7.8B Market Cap |url=https://techcrunch.com/2011/05/19/linkedin-ipo-shares-pop-84-percent-on-first-trade/ |url-status=live |archive-url=https://web.archive.org/web/20230608160311/https://techcrunch.com/2011/05/19/linkedin-ipo-shares-pop-84-percent-on-first-trade/ |archive-date=June 8, 2023 |access-date=2023-06-08 |website=TechCrunch |language=en-US}}</ref> Shares of LinkedIn rose as much as 171% on their first day of trade on the New York Stock Exchange and closed at $94.25, more than 109% above [[Initial public offering|IPO]] price. Shortly after the IPO, the site's underlying infrastructure was revised to allow accelerated revision-release cycles.<ref name="hempel2013"/> In 2011, LinkedIn earned $154.6 million in advertising revenue alone, surpassing [[Twitter]], which earned $139.5 million.<ref>[http://paidcontent.org/article/419-social-network-ads-linkedin-falls-behind-twitter-facebook-biggest-of-al/ "Social Network Ads: LinkedIn Falls Behind Twitter; Facebook Biggest of All"] {{webarchive |url=https://web.archive.org/web/20120203060134/http://paidcontent.org/article/419-social-network-ads-linkedin-falls-behind-twitter-facebook-biggest-of-al/ |date=February 3, 2012 }}. Lunden, Ingrid January 31, 2012.</ref> LinkedIn's fourth-[[Quarterly finance report|quarter]] 2011, earnings soared because of the company's increase in success in the social media world.<ref>[https://blogs.wsj.com/marketbeat/2012/02/10/stocks-to-watch-nuance-communications-linkedin-merck-and-more/?mod=google_news_blog "Stocks to Watch: Nuance Communications, LinkedIn, Merck and More"] {{Webarchive|url=https://web.archive.org/web/20171018154631/https://blogs.wsj.com/marketbeat/2012/02/10/stocks-to-watch-nuance-communications-linkedin-merck-and-more/?mod=google_news_blog |date=October 18, 2017 }}. Thomson Maya and Pope-Chappell Maya February 13, 2012.</ref> By this point, LinkedIn had about 2,100 full-time employees compared to the 500 that it had in 2010.<ref>{{Cite web |title=About Us β LinkedIn |url=https://press.linkedin.com/about-linkedin |url-status=live |archive-url=https://web.archive.org/web/20150204055540/https://press.linkedin.com/about-linkedin |archive-date=February 4, 2015 |access-date=June 13, 2016 |publisher=LinkedIn}}</ref> In April 2014, LinkedIn announced that it had leased [[222 Second Street]], a 26-story building under construction in [[South of Market, San Francisco|San Francisco's SoMa]] district, to accommodate up to 2,500 of its employees,<ref name=":0">{{Cite web |date=April 23, 2014 |title=LinkedIn leases 26-story S.F. skyscraper |url=http://www.sfgate.com/technology/article/LinkedIn-leases-skyscraper-under-construction-in-5422501.php |url-status=live |archive-url=https://web.archive.org/web/20141020232948/http://www.sfgate.com/technology/article/LinkedIn-leases-skyscraper-under-construction-in-5422501.php |archive-date=October 20, 2014 |access-date=October 17, 2014 |website=SFGate}}</ref> with the lease covering 10 years.<ref name="sfbusiness">{{Cite web |date=March 25, 2016 |title=LinkedIn connects all its S.F. employees under one roof at Tishman Speyer's tower at 222 Second St. |url=http://www.bizjournals.com/sanfrancisco/print-edition/2016/03/25/linkedin-222-second-st-sf-hq-tishman-speyer.html |url-status=live |archive-url=https://web.archive.org/web/20170227102216/http://www.bizjournals.com/sanfrancisco/print-edition/2016/03/25/linkedin-222-second-st-sf-hq-tishman-speyer.html |archive-date=February 27, 2017 |access-date=April 2, 2016 |website=San Francisco Business Times}}</ref> 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 the [[Research and Development Efficiency Act|research and development]] team.<ref name="sfbusiness" /> In March 2016 they started to move in.<ref name="sfbusiness" /> 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.<ref>{{Cite web |last=Cohen |first=Luc |date=February 8, 2016 |title=CEOs, venture backers lose big as LinkedIn, Tableau shares tumble |url=https://www.reuters.com/article/us-tech-stocks-lnkin-corp-tableau-softwa-idUSKCN0VH082 |url-status=live |archive-url=https://web.archive.org/web/20170620012702/http://www.reuters.com/article/us-tech-stocks-lnkin-corp-tableau-softwa-idUSKCN0VH082 |archive-date=June 20, 2017 |access-date=July 1, 2017 |website=Reuters}}</ref><ref>{{Cite web |last=Rosenfeld |first=Everett |date=February 5, 2016 |title=LinkedIn skids 40%, erases $10B in market cap |url=https://www.cnbc.com/2016/02/04/linkedin-reports-q4-earnings.html |url-status=live |archive-url=https://web.archive.org/web/20160616092957/http://www.cnbc.com/2016/02/04/linkedin-reports-q4-earnings.html |archive-date=June 16, 2016 |access-date=June 10, 2016 |website=Cnbc.com}}</ref> 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.<ref>{{Cite journal |last=Maida |first=Adam |date=June 18, 2020 |title=Online and On All Fronts: Russia's Assault on Freedom of Expression |url=https://www.hrw.org/report/2017/07/18/online-and-all-fronts/russias-assault-freedom-expression# |url-status=live |archive-url=https://web.archive.org/web/20200810161322/https://www.hrw.org/report/2017/07/18/online-and-all-fronts/russias-assault-freedom-expression |archive-date=August 10, 2020 |access-date=July 19, 2020 |website=[[Human Rights Watch]]}}</ref> In June 2016, [[Microsoft]] announced that it would acquire LinkedIn for $196 a share, a total value of $26.2 billion. It was the largest [[List of mergers and acquisitions by Microsoft|acquisition made by Microsoft]], until the [[Acquisition of Activision Blizzard by Microsoft|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 the opportunity to integrate LinkedIn with its [[Microsoft Office|Office product suite]] to help better integrate the professional network system with its [[Product (business)|products]]. The deal was completed on December 8, 2016.<ref name="wsj ms">{{Cite news |last1=Greene |first1=Jay |last2=Steele |first2=Anne |date=June 13, 2016 |title=Microsoft to Acquire LinkedIn for $26.2 Billion |url=https://www.wsj.com/articles/microsoft-to-acquire-linkedin-in-deal-valued-at-26-2-billion-1465821523 |url-status=live |archive-url=https://web.archive.org/web/20210124182442/https://www.wsj.com/articles/microsoft-to-acquire-linkedin-in-deal-valued-at-26-2-billion-1465821523 |archive-date=January 24, 2021 |access-date=June 13, 2016 |work=[[Wall Street Journal]]}}</ref> 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.<ref>{{Cite news |last=O'Brien |first=Ciara |date=November 29, 2016 |title=LinkedIn to add 200 jobs at its EMEA HQ in Dublin |url=https://www.irishtimes.com/business/technology/linkedin-to-add-200-jobs-at-its-emea-hq-in-dublin-1.2885573 |url-status=live |archive-url=https://web.archive.org/web/20170222130533/http://www.irishtimes.com/business/technology/linkedin-to-add-200-jobs-at-its-emea-hq-in-dublin-1.2885573 |archive-date=February 22, 2017 |access-date=February 15, 2017 |work=Irish Times}}</ref> Since 2017 94% of B2B marketers use LinkedIn to distribute content.<ref>{{Cite web |last=Rynne |first=Alexandra |date=February 1, 2017 |title=10 Surprising Stats You Didn't Know about Marketing on LinkedIn |url=https://business.linkedin.com/marketing-solutions/blog/linkedin-b2b-marketing/2017/10-surprising-stats-you-didnt-know-about-marketing-on-linkedin |url-status=live |archive-url=https://web.archive.org/web/20181011051837/https://business.linkedin.com/marketing-solutions/blog/linkedin-b2b-marketing/2017/10-surprising-stats-you-didnt-know-about-marketing-on-linkedin |archive-date=October 11, 2018 |access-date=October 15, 2018 |website=LinkedIn Marketing Solutions Blog |language=en-us}}</ref> Soon after LinkedIn's acquisition by Microsoft, LinkedIn's new desktop version was introduced.<ref name="LinkedIn Corporate Communications Team">LinkedIn Corporate Communications Team for LinkedIn Newsroom. January 19, 2017 [https://press.linkedin.com/site-resources/news-releases/2017/introducing-the-new-linkedin-desktop Introducing the New LinkedIn Desktop] {{Webarchive|url=https://web.archive.org/web/20170127180830/https://press.linkedin.com/site-resources/news-releases/2017/introducing-the-new-linkedin-desktop |date=January 27, 2017 }}</ref> The new version was meant to make the user experience similar 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.<ref>{{Cite web |date=February 2, 2017 |title=Filtering and Tagging Connections Feature β No Longer Available |url=https://www.linkedin.com/help/linkedin/answer/72331?lang=en |website=LinkedIn Help Pages}}</ref> Following the launch of the new [[user interface]] (UI), some users complained about 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.<ref>{{Cite news |title=LinkedIn Brings Its 'Open for Business' Feature to India |url=https://gadgets.ndtv.com/social-networking/news/linkedin-brings-its-open-for-business-feature-to-india-and-the-rest-of-the-world-2130826 |url-status=live |archive-url=https://web.archive.org/web/20210113174559/https://gadgets.ndtv.com/social-networking/news/linkedin-brings-its-open-for-business-feature-to-india-and-the-rest-of-the-world-2130826 |archive-date=January 13, 2021 |access-date=January 13, 2021 |work=NDTV Gadgets 360 |language=en}}</ref><ref>{{Cite news |title=Open for Business: LinkedIn launches 'Open for Business' feature globally for SMEs |url=https://economictimes.indiatimes.com/small-biz/sme-sector/linkedin-launches-open-for-business-feature-globally-for-smes/articleshow/72005009.cms |url-status=live |archive-url=https://web.archive.org/web/20211008100758/https://economictimes.indiatimes.com/small-biz/sme-sector/linkedin-launches-open-for-business-feature-globally-for-smes/articleshow/72005009.cms |archive-date=October 8, 2021 |access-date=January 13, 2021 |work=The Economic Times}}</ref> LinkedIn Events was launched in the same year.<ref>{{Cite news |date=October 17, 2019 |title=LinkedIn Launches Events to Facilitate Professional Meet-Ups |url=https://www.socialmediatoday.com/news/linkedin-launches-events-to-facilitate-professional-meet-ups/565171/ |url-status=live |archive-url=https://web.archive.org/web/20210210222338/https://www.socialmediatoday.com/news/linkedin-launches-events-to-facilitate-professional-meet-ups/565171/ |archive-date=February 10, 2021 |access-date=January 13, 2021 |work=Social Media Today}}</ref><ref>{{Cite news |date=October 17, 2019 |title=LinkedIn Launches Its Own Events Feature |url=https://wersm.com/linkedin-launches-its-own-events-feature/ |url-status=live |archive-url=https://web.archive.org/web/20201206013938/https://wersm.com/linkedin-launches-its-own-events-feature/ |archive-date=December 6, 2020 |access-date=January 13, 2021 |work=WeRSM - We are Social Media}}</ref> In June 2020, Jeff Weiner stepped down as CEO and become executive chairman after 11 years in the role. Ryan Roslansky stepped up as CEO from his previous position as the senior vice president of product.<ref>{{Cite news |last=Arbel |first=Tali |date=February 5, 2020 |title=LinkedIn CEO steps aside after 11 years, says time is right |url=https://www.seattletimes.com/business/linkedin-ceo-steps-aside-after-11-years-says-time-is-right/ |url-status=live |archive-url=https://web.archive.org/web/20200206143636/https://www.seattletimes.com/business/linkedin-ceo-steps-aside-after-11-years-says-time-is-right/ |archive-date=February 6, 2020 |access-date=February 6, 2020 |work=[[The Seattle Times]]}}</ref> In late July 2020, LinkedIn announced it [[Layoff|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]].<ref>{{Cite news |last=Holt |first=Kris |date=July 21, 2020 |title=LinkedIn will cut nearly 1,000 jobs as pandemic slows global hiring |url=https://www.engadget.com/linkedin-layoffs-coronvirus-covid-19-181138219.html |url-status=live |archive-url=https://web.archive.org/web/20200721194718/https://www.engadget.com/linkedin-layoffs-coronvirus-covid-19-181138219.html |archive-date=July 21, 2020 |access-date=July 22, 2020 |work=[[Engadget]]}}</ref> In April 2021, CyberNews claimed that 500 million LinkedIn's accounts have leaked online.<ref>{{Cite web |date=2021-04-06 |title=LinkedIn Leak - 500M Records Leaked and Being Sold |url=https://cybernews.com/news/stolen-data-of-500-million-linkedin-users-being-sold-online-2-million-leaked-as-proof-2/ |url-status=live |archive-url=https://web.archive.org/web/20210412045402/https://cybernews.com/news/stolen-data-of-500-million-linkedin-users-being-sold-online-2-million-leaked-as-proof-2/ |archive-date=April 12, 2021 |access-date=2021-04-12 |website=CyberNews}}</ref> However, LinkedIn stated that "We have investigated an alleged set of LinkedIn data that has been posted for sale and have determined that it is actually an aggregation of data from a number of websites and companies".<ref>{{Cite web |date=April 8, 2021 |title=An update on report of scraped data |url=https://news.linkedin.com/2021/april/an-update-from-linkedin |url-status=live |archive-url=https://web.archive.org/web/20210412045403/https://news.linkedin.com/2021/april/an-update-from-linkedin |archive-date=April 12, 2021 |access-date=2021-04-12 |website=LinkedIn Pressroom |language=en}}</ref><ref>{{Cite web |last=Peters |first=Jay |date=2021-04-08 |title=Another 500 million accounts have leaked online, and LinkedIn's in the hot seat |url=https://www.theverge.com/2021/4/8/22374464/linkedin-data-leak-500-million-accounts-scraped-microsoft |url-status=live |archive-url=https://web.archive.org/web/20210412045403/https://www.theverge.com/2021/4/8/22374464/linkedin-data-leak-500-million-accounts-scraped-microsoft |archive-date=April 12, 2021 |access-date=2021-04-12 |website=The Verge |language=en}}</ref> In June 2021, PrivacySharks claimed that more than 700 million LinkedIn records were on sale on a hacker forum.<ref>{{Cite web |last=Paul Wagenseil |date=June 29, 2021 |title=700 million exposed in LinkedIn data scrape β what to do now |url=https://www.tomsguide.com/news/linkedin-data-scrape-700-million |url-status=live |archive-url=https://web.archive.org/web/20210709065801/https://www.tomsguide.com/news/linkedin-data-scrape-700-million |archive-date=July 9, 2021 |access-date=2021-07-06 |website=Tom's Guide |language=en}}</ref><ref>{{Cite web |last=Lovejoy |first=Ben |date=2021-06-29 |title=LinkedIn breach reportedly exposes data of 92% of users |url=https://9to5mac.com/2021/06/29/linkedin-breach/ |url-status=live |archive-url=https://web.archive.org/web/20210706121724/https://9to5mac.com/2021/06/29/linkedin-breach/ |archive-date=July 6, 2021 |access-date=2021-07-06 |website=9to5Mac |language=en-US}}</ref> LinkedIn later stated that this is not a breach, but scraped data which is also a violation of their Terms of Service.<ref>{{Cite web |date=2021-06-27 |title=Exclusive: 700 Million LinkedIn Records Leaked June 2021 {{!}} Safety First |url=http://www.privacysharks.com/exclusive-700-million-linkedin-records-for-sale-on-hacker-forum-june-22nd-2021/ |url-status=live |archive-url=https://web.archive.org/web/20210706092604/https://www.privacysharks.com/exclusive-700-million-linkedin-records-for-sale-on-hacker-forum-june-22nd-2021/ |archive-date=July 6, 2021 |access-date=2021-07-06 |website=PrivacySharks |language=en-US}}</ref> Microsoft ended LinkedIn operations in China in October 2021.<ref>{{Cite news |last=Woo |first=Liza Lin and Stu |date=14 October 2021 |title=Microsoft Folds LinkedIn Social-Media Service in China |url=https://www.wsj.com/articles/microsoft-abandons-linkedin-in-china-citing-challenging-operating-environment-11634220026?mod=hp_lead_pos1 |url-status=live |archive-url=https://web.archive.org/web/20211014174723/https://www.wsj.com/articles/microsoft-abandons-linkedin-in-china-citing-challenging-operating-environment-11634220026?mod=hp_lead_pos1 |archive-date=October 14, 2021 |access-date=14 October 2021 |work=The Wall Street Journal}}</ref> In 2022, LinkedIn earned $13.8 billion in revenue, compared to $10.3 billion in 2021.<ref>{{Cite web |last=McCain |first=Abby |date=2023-03-06 |title=35+ Key LinkedIn Statistics [2023]: Users, Businesses, And Must-Know Recruiter Facts |url=https://www.zippia.com/advice/linkedin-statistics/ |url-status=live |archive-url=https://web.archive.org/web/20230608153229/https://www.zippia.com/advice/linkedin-statistics/ |archive-date=June 8, 2023 |access-date=2023-06-08 |website=Zippia |language=en}}</ref> In May 2023, LinkedIn cut 716 positions from its 20,000 workforce. The move, according to 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.<ref>{{Cite news |title=Tech layoffs: LinkedIn cuts 700 jobs and closes China app |url=https://www.bbc.com/news/business-65529664 |url-status=live |archive-url=https://web.archive.org/web/20230509114044/https://www.bbc.com/news/business-65529664 |archive-date=May 9, 2023 |access-date=May 9, 2023 |work=BBC}}</ref> In June 2024, Axios reported LinkedIn was testing a new [[AI]] assistant for its paid Premium users.<ref>{{Cite news |last=Fischer |first=Sara |date=2024-06-11 |title=LinkedIn tests AI assistant for Premium members |url=https://www.axios.com/2024/06/11/linkedin-premium-ai-assistant-microsoft |access-date=2024-06-12 |work=[[Toggle the table of contents Axios (website)|Toggle the table of contents Axios]]}}</ref> In September 2024, LinkedIn suspended its use of UK user data for AI model training after concerns were raised by 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.<ref>{{Cite news |date=20 September 2024 |title=LinkedIn suspends AI training using UK user data |url=https://www.bbc.com/news/articles/cy89x4y1pmgo |archive-url=https://web.archive.org/web/20240922073008/https://www.bbc.com/news/articles/cy89x4y1pmgo |archive-date=22 September 2024 |access-date=24 September 2024 |work=BBC News}}</ref> In November 2024, Linkedin challenged [[Online Safety Amendment|Australian legislation which sought to ban under-16's from social media platforms]] on the grounds that it does 'not have content interesting and appealing to minors.'<ref>{{Cite web |date=2024-11-26 |title=LinkedIn: We're too boring for kids for social media ban |url=https://www.bbc.co.uk/news/articles/cx2dz2z72y8o |access-date=2024-11-27 |website=BBC News |language=en-GB |archive-date=November 28, 2024 |archive-url=https://web.archive.org/web/20241128102555/https://www.bbc.co.uk/news/articles/cx2dz2z72y8o |url-status=live }}</ref>
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