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LinkedIn is, far and away, the most advantageous social networking tool available to job seekers and business professionals today", according to Forbes. [166] LinkedIn has inspired the creation of specialised professional networking opportunities, such as co-founder Eddie Lou's Chicago startup, Shiftgig (released in 2012 as a platform for ...
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LinkedIn acquires Connectifier, a web application that helps companies with their recruiting. [48] 2016: February: Company: LinkedIn's shares drop 43.6% within a single day following an earnings report, down to $108.38 per share. LinkedIn loses $10 billion of its market capitalization that day. [49] [50] 2016: June 13: Acquisitions
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In 2002, Ly co-founded LinkedIn with Reid Hoffman, a Stanford schoolmate, and several other co-founders, including Jean-Luc Vaillant, Allen Blue, and Konstantin Guericke. When Microsoft acquired LinkedIn in 2016 for $26.2B, it was the world's "largest social networking site focused on the working world" with more than 400 million registered users.
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