The idea for LinkedIn came back in 2002 when Reid Hoffman had the idea in his living room. (Reid Hoffman was also a board member of Paypal and its former COO.) His idea was to find a way of connecting professionals from all industries using the internet.
Phase 1 – The First Million Users (2004) Phase 2 – Subscription Services (2005) Phase 3 – Jeff Weiner, the new CEO & President (2009)
– Insider updates – work profile pages – and job postings
LinkedIn makes money by charging users for premium features and services, and by using ads. The more members you have, the more money you make through advertising on users’ networks.