Archive for July, 2010

Calculation Suggests Linkedin is Now Worth Over $2 Billion

Friday, July 30th, 2010

A recent calculation by Bloomberg suggests that Linkedin has now reached the $2 billion mark. With over 60 million members and tools like “LinkedIn Reasearch Network” for market researchers and investors, the LinkedIn brand has made it to one the top 3 social media networking sites worldwide.

Mashable released an article breaking down the math:

Hedge fund Tiger Global Management spent $20 million to acquire approximately a 1% stake in the business social network. The hedge fund specifically paid $21.50 per share.

…According to SharesPost, an online marketplace for privately held companies, LinkedIn has 105 million shares outstanding. Multiply that by the $21.50 Tiger Global Management spent, and you arrive at a valuation of $2.26 billion.

Via Mashable

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