Salespeople often used LinkedIn to generate leads and build relationships with potential customers.For individuals, LinkedIn is a great way to manage your career, find a job, research companies, connect with business contacts and get news about your industry.LinkedIn is used primarily by three groups of people: individuals, sales reps and recruiters: made the deal a steal, even though the LinkedIn acquisition was one of Microsoft's more expensive purchases to date. According to some experts, the rich troves of semistructured data that LinkedIn's members freely give away - job titles, geographies, industry information, skill sets, etc. Microsoft acquired LinkedIn in June 2016 for $26.2 billion. According to Reid Hoffman, nearly 30% of LinkedIn subscribers are recruiters. with over 58 million registered in over 200 countries and territories. The site, which was launched in May 2003, currently has over 850 million members - around 191 million from the U.S. LinkedIn was co-founded by Reid Hoffman, former executive vice president in charge of business and corporate development for PayPal. Of the social media platforms targeted toward enterprise uses, LinkedIn is the only one with business users in mind.
That being said, LinkedIn does offer some features that are similar to other social networks, such as groups and discussion forums. This makes LinkedIn ideal for building professional relationships, as opposed to personal ones. It's a more closed network, where members usually only connect with people they already know or have been introduced to by someone in their network. LinkedIn is different from other social networking sites, like Facebook, Twitter and Instagram, in that it is designed specifically with business networking in mind. What is the difference between LinkedIn and other forms of social media?
Such patterns include when people generally look for the next step in their career, work migration trends in specific geographical locations, skills gaps in specific industries and what cities are "stickiest," i.e., areas that employees are less likely to move away from. LinkedIn gathers data across LinkedIn profiles to provide policymakers, employers, workers and educators with data-driven insight into patterns that help align workforce supply with demand worldwide. LinkedIn is also a resource for professionals to find jobs, research companies, and get news about their industry and business connections. The goal of the site is to enable registered members to establish and document networks of people they know and trust professionally. LinkedIn is a social networking site designed specifically for the business community.
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