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Tag Archives: linkedin

Microsoft to spend $26 billion on LinkedIn buyout

Microsoft has announced that it will be buying up business-focused social network Linkedin, for a whopping $26.2 (£18.5) billion. This will be Microsoft’s biggest ever acquisition in the history of the company and is even more noteworthy because it will be purchased entirely with cash, no stock will change hands. LinkedIn …

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LinkedIn denies accusations of hacking user accounts

Responding to a class action lawsuit, the business oriented networking site LinkedIn, has denied a number of claims that it hacked email accounts belonging to system users, declaring the accusations as baseless. According to a blogpost by Blake Lawit, senior director of litigation at LinkedIn, the accusations being levied against …

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LinkedIn CEO says people don’t have time for Google+

LinkedIn CEO Jeff Weiner has said that he doesn’t think that people will have the free time to use Google+. Weiner was on stage at the Churchill Club last night and AllThingD’s Kara Swisher asked him some questions based around social networking. The San Francisco Chronicle was on hand to …

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LinkedIn valued at $4.25bn

LinkedIn sold shares on Wednesday, and the valuation of the business was $4.25bn (£2.63 bn). They sold 7.84 million shares at $45 each which raised a total of $352.8m. Investors see the potential for the professional networking site to link companies with customers and job seekers. The company shares are …

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LinkedIn sued for leaking user data to advertisers

Business social networking site Linkedin has been sued for violating users privacy, in a suit filed with a Californian court. The site is accused of handing advertisers information about their users. San Francisco resident Kevin Low is furious, claiming that Linkedin gave ad networks his information that allowed them to …

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