LinkedIn Valued at $1B!

With a recent investment of $53 million, professional networking site LinkedIn is now valued at a whopping $1 billion. This is one of the largest valuations for online networking sites. In comparison, Facebook was valued at $15 billion after a Microsoft investment last year.

LinkedIn is one of the few networking sites that has a proven business model that doesn't rely on advertising as its majority of revenue. The firm generates about $100 million in revenue from premium subscriptions, blue-chip advertisers, job listings, and corporate services.

For more information about LinkedIn, go to Professional networking site LinkedIn valued at $1 billion.

What do you use more, LinkedIn or Facebook? And why?

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