LinkedIn Revenue, Stock Price Increase in Second Quarter

Aug 08, 2012

Social media company, LinkedIn, released its second quarter earnings last week and the company's revenue numbers were up, according to Business Insider. LinkedIn took in a total of $228 million in revenue, compared to $121 million during the same quarter last year. The advertising revenue grew from $38 million during the second quarter of 2011 to $63 million during the second quarter of 2012.

The news of the increased revenues sent the price of the stock to shoot up from $93.51 to $112 on August 2, 2012. The stock has since settled around the $105 mark. According to CEO Jeff Weiner, the company could reach revenues of $1 billion by the end of the year.