LinkedIn accumulated an astounding $300 million in just a three-month period, much to the delight of its investors. For its first quarter report, the company amassed $303.6 million, which is 81% higher than the same period in 2012. LinkedIn's stock price has never gone below its IPO price of $45. It has been selling for more than three times, unlike its other social networking counterparts such as Facebook. The Zuckerberg-led company was forced to trade lower than its IPO price since becoming public.

LinkedIn accumulated an astounding $300 million in just a three-month period, much to the delight of its investors. For its first quarter report, the company amassed $303.6 million, which is 81% higher than the same period in 2012. LinkedIn's stock price has never gone below its IPO price of $45. It has been selling for more than three times, unlike its other social networking counterparts such as Facebook. The Zuckerberg-led company was forced to trade lower than its IPO price since becoming public.

In 2012, LinkedIn made major changes in the way it target people to become members of the social network. It added more business news and employment tips from top business executives. LinkedIn is geared towards helping people advance in their chosen careers, find employment, and also help companies look for the right people through the members' profiles.

The growth of LinkedIn was seen in its less dependency on advertising compared to Facebook and other Internet services. In the last quarter of 2012, only 27% was accounted in revenues from adverts. The others came from other tools it offers to help in recruiting more people and in gathering more information that its users post in their profiles.

According to Steve Sordello, LinkedIn's Chief Financial Officer, this success is due to the increase in the number of members the website has gained in the last few months. The change in the formula in helping members improve their career options and assisting companies to find the right people seemed to work. "We are trying to utilize a prudent approach to year-over-year growth," Sordello said.

Like Facebook, LinkedIn is a free social network geared towards professionals and business people. Members use their profiles to discover inside connections for employment opportunities. Moreover, LinkedIn has made a way to make these business executives more accessible to people who are looking for industry tips and advice.

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