Does Amazon Own LinkedIn? Amazon and LinkedIn are two of the world’s largest and most powerful organizations, but do they own each other? You undoubtedly think of Facebook and Instagram when you think of social media sites, and perhaps Twitter as well. But did you know that one of the biggest social networks in the world has nothing to do with socializing? It’s LinkedIn, and it’s used by professionals to find jobs, connect with colleagues, and build their professional brands – without having to leave their desks! But does amazon own Linkedin? Or has it ever? Let’s take a look at what’s been said about this topic so far.
What is Linkedin?
Founded in 2003 and based in Mountain View, California, Linkedin is a social networking website for professionals. It is widely used for recruitment purposes by job recruiters and headhunters. With over 10 million users, it’s used by companies to get business leads. These companies can use their news feed to connect with other users that are interested in their products or services.
More than 100 million people have registered accounts on Linkedin but many of them have not created personal profiles. It has been named as one of America’s most promising companies by Forbes magazine and it remains one of Silicon Valley’s fastest-growing private companies after receiving US $9 million investment from Sequoia Capital in 2002 and another US $27 million investment from Greylock Partners in 2003.
In 2005, it received an additional US $34 million investment from Benchmark Capital and in 2006 the additional US $50 million was raised. In 2007, Linkedin launched several new features including endorsements which allow members to endorse each other’s skills; first connections, which allows members to invite others they know directly into their network; open opportunities, which allows members to search for jobs at companies where they don’t currently work; and connections, which shows all connections between members who have chosen to share that information publicly. As of now, more than 75% of all Fortune 500 companies have a presence on Linkedin.
Does amazon own Linkedin?
The answer is no. But there are reasons why many people believe that they do, or did at one point. Here’s a short history of Microsoft and LinkedIn: Back in 2016, Microsoft announced it was buying Linkedin for $26 billion in an all-cash deal, which included cash and stock from Linkedin investors. Less than two years later, Microsoft abandoned those plans and sold their stake to Salesforce for just $75 million.
So what happened? It turns out that European Union regulators were concerned about competition in online recruitment software. And so, instead of trying to fight against EU regulators, Microsoft decided to sell its stake back to Linkedin’s private investors. Since then, some have speculated that Amazon would be interested in acquiring Linkedin because they already own a recruiting platform called Amazon Jobs.
However, even if Amazon does acquire Linkedin at some point down the road (which isn’t likely), it won’t be because they already own another recruitment platform. Instead, it will be because both companies share similar goals and values when it comes to recruiting customers through data analysis.
How did Linkedin start?
Linkedin was founded in 2002 by Reid Hoffman and launched on May 5, 2003. The company quickly grew to 500 employees. It went public in 2011, raising $262 million for a valuation of about $4 billion. In 2016, Linkedin had over 467 million users with 24 million unique visits per month. In 2017, Linkedin had more than 575 million registered members with more than 467 million active users.
Half of their member base lives outside of North America and there are more than 30 different languages spoken across its network. Their largest international market is currently the USA with approximately 184 million registered members. Linkedin is considered one of the most popular social networks in China, second only to QQ (which is owned by Tencent).
LinkedIn has also been valued at around $26 billion as of recent days. This value has grown significantly since it first went public back in 2011 when it was valued at around $3 billion. A large part of that growth can be attributed to Microsoft’s decision to purchase them for $26.2 billion back in 2016. This acquisition made Microsoft an important player in social media and helped put them ahead of competitors like Facebook who were trying to get into business networking software.
Will Amazon Acquire Linkedin?
It may come as a surprise to some people, but Amazon does not own Linkedin. There have been rumors in recent years that suggest otherwise but in fact, that isn’t true and both companies exist independently of each other.
The confusion over who owns Linkedin stems from an investment made by Jeff Bezos back in 2011 when he purchased shares of Facebook. The investment was made through Bezos’ investment company Blue Origin LLC and it wasn’t until 2014 that it became clear what his intentions were with those shares.
Conclusion
As of right now, it seems that Amazon does not own LinkedIn. Even though Jeff Bezos, who is widely regarded as one of the business’s most ruthless figures, has made offers to buy LinkedIn at least twice in recent years. Whether he will eventually decide to pursue an acquisition of Linkedin remains unknown.
F&Q
Is LinkedIn a Microsoft company?
Microsoft’s most recent acquisition has joined the ranks of the company’s most important businesses. For the first time, LinkedIn’s yearly revenue has surpassed $10 billion, five years after Microsoft announced its desire to purchase the business social network for more than $26 billion.
What is LinkedIn’s revenue model?
Talent Solutions, Marketing Solutions, and Premium Subscriptions are the three key services that generate the majority of LinkedIn’s revenue. Since the acquisition, LinkedIn’s financials have been combined with Microsoft’s. In 2018, it brought in $5.3 billion in revenue.
What is the revenue per user on LinkedIn?
For every hour those users spend on LinkedIn, the company earns $1.30.
