Hot on the heels of the $1.5 billion IPO by Demand Media, professional social network LinkedIn has filed its S-1, the first step on the road to public riches.
There are some impressive numbers in here, demonstrating again why the current boom in tech is a different animal than the dot-com bubble of a decade ago.
LinkedIn had $161 million in revenues for the nine months ending Sept. 30, double what they made in the same period the year before.
The site also came close to doubling it’s user base, growing from 55 million to 90 million. Not bad, but also nowhere near the torrid pace of growth demonstrated by Facebook.
Last but not least, the company reported a profit of $1.85 million, a far cry from the $3.4 million in losses it reported a year earlier.
Among the risk factors the company noted were the fact that many of it registered users aren’t very active on the site and a small fraction of its users generate the majority of its page views.
Hmmm, sounds like the typical comment troll ratio to us, and Gawker seems to be doing just fine.
bpopper [at] observer.com | @benpopper
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