The company is projected to attract users more rapidly once the ongoing crisis is over, and companies start rehiring. LinkedIn user statistics indicate that it increased by over 32 million in 2020 alone from 690 in Q1 to 706 in Q2 and 722 in Q3. Instead of having to go outside for recruitment, business expansion and maintenance of professional network, people can simply log on to its site and enact the same deeds.Īs online presence continues to expand among Internet users, so does the necessity of LinkedIn.Īs of November 2020, LinkedIn is the 57 th biggest website in the world in terms of engagement and ranked 24 th in terms of global traffic. The benefits that a site like LinkedIn has provided to the business world is limitless. Products & Services: LinkedIn Company Pages | LinkedIn Groups | Marketing & Development Campaigns | LinkedIn Recruiter | LinkedIn Job Slots | LinkedIn Career Pages | LinkedIn Recruitment Ads | LinkedIn Sales NavigatorĬompetitors: Zip Recruiter | Indeed | Career Builder | Glassdoor | Hired | Jobs2Career | Monster | Dice | Simply Hired Company: LinkedIn (a subsidiary of Microsoft Corporation)Īcquisition cost (Dec 8, 2016): $ 27 BillionĪnnual Revenue( June 2020): $ 8.05 Billion
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