What is LinkedIn? How does it work
LinkedIn is an online social network site specifically designed for business professionals. The aim of the site is to help users to create and record networks of individuals they trust and respect professionally.
LinkedIn is also a great resource for professionals looking to find work as well as research companies and receive news on their industry and connections to business. LinkedIn collects information from LinkedIn accounts to offer employers, policy makers workers, and educators with insights based on data that aid in aligning workforce supply with global demand.These patterns are based on the time when people are looking to the next stage in their careers, patterns of migration in certain geographical places, skills gaps in particular industries, and which areas are “stickiest,” i.e. those areas where workers are least likely to leave.
What is the distinction in LinkedIn and other types in social media?
LinkedIn differs from other social networks similar to Facebook, Twitter and Instagram because it was specifically designed for business networking.
LinkedIn is a more private network, and members typically only connect with those they know, or were introduced by someone within their network. This makes LinkedIn the ideal place to build professional connections, in contrast those with personal connections.
This being said, LinkedIn does offer some features that are comparable as other social media networks like group discussions and forum discussions.
Who invented LinkedIn?
LinkedIn was founded in co-operation with Reid Hoffman, former executive vice-president in charge of corporate and business development at PayPal.
It first launched in May 2003 currently has more than 8 million users which is around 191 million in within the U.S. — with more than 58 million users registered across more than 200 nations and territories. Based on Reid Hoffman, nearly 30 percent of LinkedIn users are recruiters.
Microsoft purchased LinkedIn on June 16, 2016 $26.2 billion. According to certain experts, the wealth of semistructured information LinkedIn’s users freely share including names of jobs, geographical locations details about industries, skills sets as well as. — rendered the deal a bargain despite the fact that LinkedIn’s acquisition LinkedIn deal was among the most expensive Microsoft acquisitions to the present.
