LinkedIn discusses $1 billion value via YouTube

LinkedIn, the social networking site for professionals, communicated its newly minted $1 billion-plus valuation to consumers via a YouTube video.

LinkedIn, the social networking site for professionals, communicated its newly minted $1 billion-plus valuation to consumers via a YouTube video. Investors downplayed the Web 2.0 company's value, reached when the Mountain View, CA-based company raised $53 million in capital from Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Venture Partners.

The investment round positions LinkedIn to better fend off competition from Facebook, formerly the exclusive domain of college students, which has successfully added older users to its estimated 115 million members. The funding could delay a rumored initial public offering.

Also:

Michelle Obama refines her message to emphasize her middle-class roots for the general election campaign.

The marketing world is warming to the use of edgy characters, such as Stewie from Family Guy, to promote family friendly products.

The American Red Cross and Johnson & Johnson settle their longstanding legal battle over the nonprofit relief group's trademark.

The airline industry meets at the Air Transport World Eco-Aviation Conference to discuss the best ways to go green.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in