A Good Day for Social Networks: LinkedIn Reaches 200 Million Members as Facebook Shares Crack $30

Posted by Knowlton Thomas

Today has been good for social networks, with both LinkedIn and Facebook hitting key milestones.

LinkedIn says that it has now reached 200 million members, with two more joining every second. The professionally oriented network says it's added more than 13 million members since November. It reached 100 million March 2011.

Deep Nishar, LinkedIn's senior vice president of product and user experience, reflected on this milestone in a blog post. He also posted an infographic, which you can see below.

Meanwhile, Facebook shares hit $30 today. Up over 3% today, this is the first time that the company has been trading at $30 since it's post-IPO collapse. In August it was trading at just $18, less than half of what the social network—which has one billion active users—debuted on the market at.

Facebook's recent push for mobile has been met with largely positive reception, while the site has also become more effective with advertising. Business Insider dives into why analysts have become bullish on Facebook here.

Company:
LinkedIn
Website:
http://www.linkedin.com
Location:
Toronto, Ontario, Canada

LinkedIn is an interconnected network of experienced professionals from around the world, representing 150 industries and 200 countries. You can find, be introduced to, and collaborate with qualified professionals that you need to work with to accomplish your goals. more

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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