LinkedIn’s Quarterly Loss Worsens, Though Revenue Grows - News Summed Up

LinkedIn’s Quarterly Loss Worsens, Though Revenue Grows


Second-quarter revenue rose 31%, to $932.7 million, from $711.7 million, driven by its cornerstone talent-solutions division, which helps corporate recruiters identify job candidates. Professional online network LinkedIn Corp. reported both its highest-ever revenue and its largest loss as a public company in one of its final quarterly reports before it is set to be bought by Microsoft Corp. Revenue from this unit jumped 35% to $597...


Source: Wall Street Journal August 04, 2016 20:16 UTC



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