Professional social network LinkedIn now has 70 million members, according to the company’s home page. The company hit 60 million users in February, and has been growing fast, especially in international markets. LinkedIn’s network’s CEO, Jeff Weiner, stated in a blog post last fall that half of LinkedIn’s membership is international. The company is also listing one million company profiles, which are similar to a user profile.
Weiner tells us that the fastest growth LinkedIn is seeing is in international markets.
LinkedIn has mitigated the growth in international markets with expansion in international offices in The Netherlands, and India, two areas where LinkedIn is growing rapidly.
But while LinkedIn is looking to bring its platform to the greater web, there’s a tremendous amount of potential to use the data the network has on its side to add additional functionality to both users and companies. Weiner recently told us that data is incredibly important part of LinkedIn’s future as a network. And while we can’t reveal what those data features are at the moment, it’s safe to say that we will be seeing a number of new initiatives coming from LinkedIn leveraging the wealth of professional content on the network.
Weiner won’t comment on any plans for LinkedIn to IPO in the near future, but the company is clearly seeing growth, is profitable and working diligently to build features into the platform. It should be interesting to see what the second half of 2010 brings the professional social network.
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