LinkedIn is celebrating their 20-year anniversary this week – from a simple idea developed by the platform’s co-founder, Reid Hoffman, and four others in Silicon Valley, to connect professionals. As the world of work transformed at an unprecedented pace over the last two decades, LinkedIn has continued to evolve into what has become the largest professional platform in the world, with three new member sign-ups every minute.
In celebration of the milestone, Linkedin has reflected on the last two decades and the evolution of the platform since 2003, revealing the achievements below:
• The platform currently has more than 930 million members worldwide
• A 73% YoY increase in the number of student sign-ups, as Gen Z enters the workforce
• 8 members get hired every minute on the site globally
• 63 million companies have a page
• 5.2 million professionals around the world actively use the platform
• There are over 8M posts and comments posted on LinkedIn every day
• LinkedIn is available in 26 languages
• LinkedIn Marketing Solutions surpassed $5 billion in revenue worldwide in FY22, leading B2B digital advertising to deliver higher reach and ROI
• In q3, LinkedIn’s revenue increased 8% YoY
Matt Tindale, managing director, LinkedIn ANZ said: “This week is a momentous milestone for LinkedIn, with the company celebrating 20 years since we were founded. Over this time, we’ve grown to become the world’s largest professional network, recently reaching 930 million members globally and 13 million in Australia. We’re incredibly proud of how LinkedIn has revolutionised the way professionals connect and network, helping them unlock career opportunities. At the same time, we’ve also helped businesses succeed by connecting companies with exceptional talent and offering world-class on-platform advertising and marketing solutions. The team is so excited for the next 20 years as we continue to grow our community and pioneer the future of work.”