LinkedIn loses a CEO, gains a Yahoo
Recessionary times should be glory days for LinkedIn, as people furiously network on the business-contacts website for scraps of work. But instead, it's LinkedIn CEO Dan Nye who finds himself out of a job.
LinkedIn to start layoffs today?
A tipster reports high drama at LinkedIn, the business-networking site. The company is funded in part by Sequoia Capital, the Valley's new high priests of doom and gloom — and, our source claims, Sequoia has told all of its portfolio companies to cut costs by 10 percent. LinkedIn's big-hearted chairman, Reid Hoffman…
LinkedIn shuttle throws employees' privacy under the bus
A correction on our previous post about
LinkedIn's financial woes: Contrary to our tipster's assertions, plenty of LinkedIn employees use the company-provided shuttle bus from San Francisco to Mountain View. The bus even . That account is private — but it to a on Google Maps. CEO Dan Nye and marketing VP Patrick…
LinkedIn: "Where the PR is hot but the business is not"
A LinkedIn tipster tells us that even as the all-business social network
raised $53 million from Bain Capital and other investors in June, at a $1 billion valuation, it sought to pull in another $25 million from Goldman Sachs and failed. More damningly, he claims that CEO Dan Nye lied on-air when he told Fox Business…
Insider alleges massive turnover at LinkedIn
LinkedIn's
jobs page gives off the impression that life at the business-networking website is one nonstop jam session. But a clearly disgruntled, entertainingly foulmouthed tipster says that backbiting is the real office entertainment of choice. The company's operations department is "like a fucking morgue" after a…
Why LinkedIn's getting into the insider-trading business
You'd think LinkedIn management, which has made no secret of its plans to take its automated schmoozefest public, would be trying to avoid trouble with the Securities and Exchange Commission. Not so. They're aggressively marketing the company's latest moneymaking scheme, LinkedIn Research, to hedge fund managers. The…
Fox Business asks: Will Facebook buy LinkedIn?
Want to see LinkedIn CEO Dan Nye flinch? Do what Fox Business correspondent Liz Claman did this morning and ask Nye if rival social network startup Facebook has expressed interest in acquiring the company. "It just seems like it would be a perfect for say, a Facebook, to join up, to link up with you guys," Claman…
P is for Parker, the Valley's bad boy
Sean Parker has had a hand in some of the Valley's biggest successes. His first company, Napster, took the world by storm, but didn't make Parker rich. His second, Plaxo, just sold to Comcast. And his third, Facebook — well, say no more. Except for the bit about him getting kicked out, according to Mark Zuckerberg's…
Has LinkedIn lost its soul to growth?
A tipster writes in with a first-person account of what's happening inside LinkedIn — and it's not pretty.
LinkedIn chairman hints at IPO in 2009
LinkedIn is off the block, cofounder Reid Hoffman told the Sydney Morning Herald. "We have had (buyout) conversations with all the usual suspects, but I think an IPO is by far and away the most likely outcome," Hoffman said. He suggested, however, that such a public offering might not happen for at least another year…
Report: News Corp. not likely to buy LinkedIn
LinkedIn CEO Dan Nye, touring New York to brief journalists on embargoed news we already reported, told CNET that LinkedIn's backers have "great confidence in our independent path." CNET takes this for code that the rumored News Corp deal is off. Nah. It's just good negotiating. LinkedIn still may not sell, but if it…
LinkedIn CEO says he'll sell for "a lot more" than $1 billion
News Corp. executive Jeremy Philips wants to get himself LinkedIn. But the business-oriented social network has just hired a fancypants new CEO, Dan Nye, who's told Fortune there's no way. No way, that is, unless Philips and his boss Rupert Murdoch pony up "a lot more" than a $1 billion. Ah, finally Nye is starting to…
LinkedIn growth outpacing Facebook
Quietly useful social network LinkedIn outgrew Facebook from October 2006 to October 2007, according to numbers from Nielsen/NetRatings. In that year, Facebook grew 125 percent to LinkedIn's 189 percent. Too bad LinkedIn CEO Dan Nye, who's been hinting at an eventual IPO, can't come close to matching Facebook founder…
LinkedIn CEO hints at IPO
Do you ever stop and feel sad for Friendster? Me either, but if there was any room in your tiny, cynical hearts, you could. Yet another social network that's not the original is talking about taking big money moves. This time it's LinkedIn. CEO Dan Nye recently told Newsweek the company isn't interested in acquisition…
Want fries with that?
LinkedIn is opening its site to developers — kind of. "We have no interest in doing it like Facebook with an open API letting people do whatever they want," says LinkedIn CEO Dan Nye. "We're not going to have people sending electronic hamburgers to each other." Party pooper. Will they at least have the greatest app…
