Startup and Technology News
Last feed update: Sunday December 8th, 2013 01:52:07 PM
Tuesday November 19th, 2013 02:10:27 PM
LinkedIn is announcing a new feature called a Showcase Page that will allow businesses on the professional networking site to target the fans of a specific product or brand.
David Thacker, the company's vice president of marketing solutions products, said that when companies with a number of different products are trying to discuss all of them from a single page, it can become "a little bit overwhelming" for followers who aren't necessarily interested in all of that content.
Wednesday November 13th, 2013 02:00:21 PM
LinkedIn, the social network for the working world now with 259 million users, is today taking the covers off its latest moves to make itself more than just a place that people visit when they're hunting for their next job (or employee). It is integrating Pulse -- the social newsreading app it acquired in April 2013 for $90 million -- into its main homepage; and it is now providing a social sign-on within the newest version of the Pulse app, out today on iOS and Android. The changes -- which were first previewed last month -- will also see LinkedIn dropping LinkedIn Today, the in-house social reading service that the company launched in 2011.
Tuesday October 29th, 2013 08:12:39 PM
LinkedIn reported its third-quarter earnings today, with revenue of $393 million (up 56 percent) and earnings per share of $0,39. Analysts had expected LinkedIn to earn $0.31 per share, on revenue of $385 million. In the comparable year-ago quarter, LinkedIn earned $0.22 on revenue of $252 million. On a GAAP basis, LinkedIn lost $0.03 per share. However, LinkedIn’s performance is generally measured on a per-share basis in non-GAAP terms. For the quarter, LinkedIn’s Talent Solutions group had revenue of $224.7 million (up 62 percent year over year), its Marketing Solutions had $88.5 million in revenue (up 38 percent), year over year), and its Premium Subscriptions top line totaled $79.8 million (up 61 percent), year over year). LinkedIn reported revenue guidance for its fourth quarter of $415 million to $420 million. Investors had forecasted a figure of around $20 million more. In normal trading, LinkedIn was up around 1.5 percent). Following its earnings beat, LinkedIn is down in after-hours trading. Investors, it appears, are disappointed with what appears to be slowing top-line growth at LinkedIn. LinkedIn is a very richly valued company. Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, according to Yahoo Finance. That means it cannot afford missteps, as investors are expecting consistently strong results. The company had non-GAAP net income of $46.8 million in the period. For the quarter, LinkedIn’s adjusted EBITDA totalled $92.8 million. The company had a GAAP net loss of $3.4 million in the quarter, up around 50 percent year-over-year. LinkedIn had 259 million users at the end of the quarter. In sum, LinkedIn had a strong quarter, but its lower-than-expected stated expectations for its year-end quarter have unnerved investors. Top Image Credit: Sheila Scarborough
Thursday October 24th, 2013 07:01:54 AM
Earlier today LinkedIn launched a new iPad app and what appeared to be a pretty slick feature for iOS Mail called Intro. It presents the a profile of email senders right within the body of the message, with more details available with a single tap. It works like using Rapportive, which LinkedIn acquired last year. Intro appears to deliver contact details in a nifty interface. It’s also a spectacularly bad idea. See, iOS Mail does not have an official extensible framework. Apple does not provide any APIs or frameworks to developers that would allow this kind of modification of its interface. Instead, LinkedIn is acting as a ‘man in the middle’ by intercepting (with your permission) your email and injecting HTML code into it that enables a style sheet to pop open over your content, containing an extended profile and information on positions held, connections and a bunch of other stuff. The implementation, explained in a LinkedIn blog post, is pretty admirable from an engineering perspective. As ‘hacks’ go, this is a really clever solution to Apple’s fairly restrictive Mail.app policies. But when you dig into the methods that LinkedIn is using to enable Intro, it becomes clear that this is a stickier proposition than it appears. Right off the bat, the installation process requires that you add a configuration profile that contains a set of signing certificates. Then it asks for your email username and password – unless it’s a Gmail account in which case the more secure Oauth method is used — which requires no password access for LinkedIn. Those enable LinkedIn to (presumably securely) obtain permission to act as a middle man between you and your email provider. This proxy server is what is used to intercept (yes, as in grab, open and modify) your email and inject the code that makes Intro possible. Apparently there aren’t any humans involved in the process, and one would pray that your email contents remain un-readable somehow but I’m not sure how that’s possible. The ‘top bar’ that enables the feature is not a field or part of the header, it’s additional content that gets inserted into the body of the email. LinkedIn seems to agree that this is how this works. “We understand that operating an email proxy server carries great responsibility. We respect the fact that your email may contain very personal or sensitive information, and we will do
Wednesday October 23rd, 2013 05:06:08 PM
LinkedIn's Jeff Weiner says the barrier to his vision is scale, so it's beefing up its mobile experience with Intro, an integration adding LinkedIn and Rapportive info to Apple's Mail app, and a redesigned iPad app. Intro works with Gmail, Yahoo Mail, Aol Mail, iCloud, and Google Apps, and inserting LinkedIn profile photos and job titles below the To/From section of emails in Apple's Mail app.
Wednesday October 23rd, 2013 04:39:39 PM
LinkedIn is making the shift to mobile. It now sees 38 percent of unique visits from mobile, which is up from 8 percent in the first quarter of 2011, and users who access via mobile are 2.5x as active as desktop-only users. At an event in San Francisco this morning, CEO Jeff Weiner said LinkedIn will release a slew of new mobile apps. These new apps include an upgraded version of the Pulse news reader that integrates your LinkedIn info, an iPad redesign, but most excitingly, a new experience called Intro. It leans on LinkedIn’s acquisition Rapportive to integrate professional info from LinkedIn profiles directly into you Apple Mail app on your iPhone or iPad. Intro can show the LinkedIn profile photo, company, and job title of the people who you email with, and let you connect with them on LinkedIn. Weiner expects LinkedIn to have its “mobile moment” with more than 50 percent of visits from mobile next year. Some countries have already had that moment. Singapore is over 50 percent, and Australia is fast approaching at 45 percent. For reference, YouTube announced that 40 percent of usage now comes from mobile, while Twitter sees 70 percent of ad revenue from mobile and Facebook sees 41 percent of ad revenue from mobile. It’s important to note that LinkedIn isn’t saying 38 percent of traffic is from mobile, as web users may spend more time per session browsing its professional graph. The company now has 3 million businesses and over a quarter-billion professionals with LinkedIn profiles. Though its profiles for schools and universities only launched six weeks ago, there are now 1,500 education outlet profiles on LinkedIn. Those are just the first steps. “Our vision today is to develop the world’s first economic graph…[which will] map the global economy and and every economic opportunity in the world, either part-time or full-time,” Weiner says. LinkedIn doesn’t just want to know where you’ve worked. It wants to know what’s the next job opening you’ll fill.
Wednesday October 2nd, 2013 06:12:58 PM
LinkedIn has updated its iPhone app with the ability to create endorsements for your connections right from your smartphone or tablet. The move demonstrates how important LinkedIn feels that this endorsement data is to its growing trove of signals. The app has also been updated to look more ‘iOS 7-ready’ and has a new on-boarding guide for users that haven’t used the mobile app before. The LinkedIn newsreader app Pulse for iPhone also gets a refresh which adds background downloading and a new look on iOs 7. But the biggest change is the emphasis on endorsements in the main LinkedIn app, and the additional connective tissue that this adds to its products on all platforms. In a blog post announcing the new ability today, LinkedIn positions endorsements as something that can and should be done on the fly. Previously, these kinds of personal recommendations have only been accessible from the web and were a fairly involved affair. You could draw a fairly clear connection between endorsements and the references you see on a resume. Thorough, in-depth explanations of why someone is good at what they do. Adding them to mobile, along with the language in the release, indicates that LinkedIn wants to ramp up the gathering of these endorsements. Faster, lighter notes about why someone should be considered an expert sounds like a good supplemental source of data that LinkedIn can use to index and recommend workers. Though endorsements have been around since late last year — and LinkedIn says that over 2B of them have been given to day — adding them to mobile introduces a new dynamic. In some ways this sounds like what Geeklist has been doing with developers and tech folks for a while. Geeklist allows users to create ‘brag cards’ of achievements and accomplishments that can be summed up in just a couple of sentences. If LinkedIn is able to turn endorsements into this kind of quick-fire card stack that can be flipped through by users and indexed by LinkedIn itself, it might have something interesting on its hands. Specifically, a source of endorsements that’s more human and parseable. LinkedIn has gained a reputation for being overly complex and dry. A layer of humanity and shareable ‘brag points’ could do something to offset that. These moves fit in with LinkedIn’s efforts to make online resumes feel more at home on mobile. Messaging services for networking and
Tuesday October 1st, 2013 11:59:52 PM
This summer, Identified pulled back the curtain on a new artificial intelligence technology, called "SYMAN," which it developed to help organize and clean the swaths of unstructured professional data that today lives on the Web. In doing so, the startup moved away from its original focus -- a kind of Facebook data-driven "Klout score for professionals" -- essentially admitting that if it were going to give job seekers and companies a better way to connect and find talent, it would have to address the elephant in the room: Data.
Monday September 23rd, 2013 02:12:53 PM
LinkedIn's Sponsored Jobs listings are getting increased visibility today, with a move that has them now appearing in LinkedIn's main feed on the member homepage. Before, Sponsored Jobs were only available in the "Jobs You May Be Interested In" module on the homepage, and in emails sent out to subscribers. The move highlights LinkedIn's push to make its homepage feed the main place for kicking off interactions with the site's content. The feed currently also includes other regular draws, like updates about your connections' job changes, profile updates, recommended articles on LinkedIn Today, posts, likes, discussions and more.
Monday September 16th, 2013 06:15:14 AM
For the second week in a row, LinkedIn's market capitalization finished higher than Salesforce.com. Linkedin ended trading on Friday with a $32.56 billion market cap while the Salesforce market cap was $29.59 billion. Salesforce is a darling of Wall Street and has long been the symbol of the SaaS and new world of the enterprise, the first to surpass $1 billion in annual revenues. But with LinkedIn's rise, the financial markets have another company to point to as a leader of the SaaS world.
Monday September 16th, 2013 12:20:24 AM
For anyone who's had to text a friend for another friend's phone number — so, all of us — Dubb is an app that lets users request contact information from those in their extended friend network, who can in turn choose to accept, deny, or only allow certain addresses and numbers through. Dubb will be available in beta October 1, and founder Neven Zeremski said he aims to raise a seed round of $500k by the end of that month.
Monday September 9th, 2013 07:56:22 PM
Ingrid Lunden,Sarah Perez
The market capitalization of LinkedIn ($32.6 billion) has now passed that of Salesforce ($29 billion), but as Salesforce makes increasing moves into social media, and LinkedIn makes more moves into services to help people do their jobs, LinkedIn's CEO played down the idea that the two are potential competitors -- for now, at least. In the meantime, as the company continues to grow, it's eyeing up how others like Google may crowd into its space.
Tuesday September 3rd, 2013 10:48:37 PM
LinkedIn has filed to raise more than $1 billion by selling stock in its company to both the public, and banks that will underwrite the issuance. $1 billion will be sold to common investors, and the banks participating in the deal have the option to buy up to 15 percent of the offered shares in addition, bringing the total capital infusion to a potential $1.15 billion.
In the listing, LinkedIn estimates that following the offering, its cash, equivalents, and short-term investments -- colloquially just called cash by investors -- will rise from $873.4 million to $1.85 billion. The second figure does not include the potential for the additional $150 million sale of stock to investment banks. In that case, LinkedIn would have essentially a flat $2 billion in cash.
Wednesday August 21st, 2013 05:31:06 PM
When LinkedIn acquired newsreader Pulse earlier this year for $90 million, it said the Pulse apps would remain and the two companies would instead find ways to work together. Today, LinkedIn continues to make good on those promises with an update to the Pulse mobile apps on both iOS and Android, which introduce improvements to search, discovery and recommendations.
Monday August 19th, 2013 10:03:51 PM
What's scarier than a 14-year-old girl choosing her sexiest Facebook profile pic? Maybe a 14-year-old girl inflating her resume on LinkedIn. Childhood used to be a time of self-exploration, but the Internet is pushing kids to define themselves early and put that facade on display. While online tools could give ambitious youth a leg-up for the future, they force that future on some too soon.
Monday August 19th, 2013 12:01:15 PM
While there has been quite a lot of discussion about how Facebook may be losing its cachet among younger users who are going elsewhere for their social media kicks, today LinkedIn made a bold move to start reaching out itself to this very lucrative, if fickle, audience: is beginning to promote itself to high school students ("13+ for most countries around the world" a spokesperson explains to me) and it has launched University Pages, dedicated pages for universities for people to add to their profiles and to reach out to people. LinkedIn hopes that both moves will not only expand the reach of how people use its site as their default anchor for resume-style information online. And also how it, too, could potentially tap into this user base to begin long-term relationships.
Saturday August 17th, 2013 08:00:08 PM
In 2010, had you suggested to the smartest Silicon Valley entrepreneurs and investors that LinkedIn would have a larger market value in 2013 than Groupon, Zynga or Twitter, you would have been laughed at. Had you hypothesized that LinkedIn would be worth more than Groupon, Zynga and Twitter combined and worth nearly one-third the value of Facebook, no one would have believed you. LinkedIn just wasn’t as exciting as the internet darlings of the day, and, as a result, there were many LinkedIn doubters at that time, myself included.
Monday August 5th, 2013 12:59:25 PM
Last month, LinkedIn introduced the ability for users of its social network for the working world to search for jobs via its iOS and Android mobile apps. Now it will let jobseekers seal the deal, so to speak: from today, users will start to be able to actually apply for those jobs via the apps as well, with the option of using their LinkedIn profiles as resume proxies. LinkedIn says the service is rolling out globally, starting today with English-speaking members.
Thursday August 1st, 2013 10:40:09 PM
The professional network announced its second quarter earnings results on Thursday, and it was another good one, as the company grew to 238 million members and saw revenue increase to 59 percent to $363.7 million from $228.2 million in Q2 2012. Meanwhile, net income also jumped to $3.7 million from $2.8 million in Q2 last year, while non-GAAP net income was $44.5 million, compared to $18.1 million in 2012.
Thursday August 1st, 2013 10:17:25 PM
LinkedIn, now with 238 million registered users on its social network for the working world, wants to follow in the footsteps of Facebook and Twitter and turbo-charge its advertising effort. Speaking during the company's quarterly earnings call, LinkedIn's CEO Jeff Weiner, in answer to a question from an analyst, said that the social network will be introducing an advertising API, so that brands and agencies can more easily make bigger media buys on the social platform. An exact date was not named, but Weiner said an ads API was a "high priority."
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