Showing posts with label LinkedIn. Show all posts
Showing posts with label LinkedIn. Show all posts

Friday, September 23, 2016

LinkedIn Learning Training Platform Launched; News Feeds Get More Personalised


LinkedIn wants to become more useful to workers by adding personalized news feeds, helpful messaging "bots" and recommendations for online training courses, as the professional networking service strives to be more than just a tool for job-hunting.

The new services will arrive just as LinkedIn itself gains a new boss, Microsoft, which is paying $26 billion to acquire the Silicon Valley company later this year.

LinkedIn said the new features, which it showed off to reporters Thursday, were in the works before the Microsoft takeover was announced in June. But LinkedIn CEO Jeff Weiner said his company hopes to incorporate some of Microsoft's technology as it builds more things like conversational "chat bots," or software that can carry on limited conversations, answer questions and perform tasks like making reservations.

Chatbots are a hot new feature in the consumer tech world, where companies like Facebook, Apple and Google are already racing to offer useful services based on artificial intelligence. As a first step, LinkedIn says it will soon introduce a bot that could help someone schedule a meeting with another LinkedIn user, by comparing calendars and suggesting a convenient time and meeting place.

The new bot will be part of an online messaging service that LinkedIn is gradually expanding to make it easier for users to communicate without opening a new screen or switching to email.


LinkedIn is also adding more personalized features to its news feed, where members can see articles and announcements posted by their professional contacts. A new "Interest Feed" will offer a collection of articles, posts and opinion pieces on major news events or current issues.

While many people already turn to Facebook, Twitter or individual news sites for similar updates, LinkedIn managers suggest their feeds will be more tailored to each user's professional interests, by a combination of human editors and computer algorithms. Similarly, LinkedIn says it's begun using the online training resources of its Lynda.com educational subsidiary to make personalized recommendations for online courses that augment each user's current skills or career interests - the platform is LinkedIn Learning.

The new features are the latest additions LinkedIn has made to its core service in recent years - for example, by inviting prominent people and ordinary members to write their own articles or essays for the site.

LinkedIn Corp. makes most of its money from fees that job recruiters pay to use its database of more than 450 million members worldwide. But it wants to keep members engaged so they check in regularly and keep their profiles updated. Weiner and other executives say they want to make the site useful for more than just job-hunting.


The idea is to "help members be more productive and successful in what they're trying to do," said LinkedIn vice president Ryan Roslansky in an interview.

LinkedIn has measured an increase in routine visits to its website and mobile apps over the last year, Roslansky said, even after the company cut back on the volume of email notifications that it sends to members. It did so, he acknowledged, after members complained they were getting too many emails.

Microsoft Corp., meanwhile, wants to augment its own workplace software with LinkedIn's stockpile of information about its members' job histories and professional contacts. It may combine LinkedIn's data, for example, with online programs that Microsoft sells to businesses for managing sales, hiring and other back-office functions.

Weiner, who is expected to continue running LinkedIn as a semi-independent subsidiary of Microsoft, said the two companies are working on ways to integrate some services. But he said he wasn't ready to disclose more details.

Source: LinkedIn Blog

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Monday, June 13, 2016

Microsoft to acquire LinkedIn for $26.2 billion


Technology giant Microsoft today said it will acquire professional networking platform LinkedIn in an all-cash transaction valued at $26.2 billion.

Microsoft will acquire LinkedIn for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of LinkedIn’s net cash, Microsoft said in a statement. LinkedIn will retain its distinct brand, culture and independence, it added.
Jeff Weiner will continue to remain the CEO of LinkedIn, and will be reporting to Microsoft CEO Satya Nadella. Speaking on the acquisition, Nadella said, "The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet."

LinkedIn started out in the living room of co-founder Hoffman in 2002 and was officially launched on May 5 in 2003.

LinkedIn has seen 19 per cent growth year-on-year to more than 433 million members worldwide while quarterly member page views rose 34 per cent to over 45 billion. Over 92 million users came from Asia and the Pacific region.


In the first quarter of 2016, LinkedIn’s revenue increased 35 per cent year-on-year to reach $861 million. It had forecast its revenue for the full year 2016 to be in the range of $3.65-3.7 billion.



Weiner said that with the combination of LinkedIn's social network and Microsoft's cloud would give
LinkedIn 'a chance to change the way the world works'. "For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story," said Weiner.

The transaction has been unanimously approved by the Board of Directors of both companies.

LinkedIn shares which had dropped 42 percent this year, have suddenly jumped to 48 percent to $194.35. Microsoft shares on the other hand, fell 2.9 percent according to the Wall Street Journal.

Microsoft has been making some big acquisitions off late. It had bought out Nokia Corp's mobile phone business at $7.2 billion in 2013; in 2011, Microsoft bought Skype for $8.5 billion; it also bought Mojang AB, the maker of video games such as 'Minecraft' for $2.5 billion in 2014.


Since Nadella took over as CEO, LinkedIn is definitely a major aquisition. Microsoft has also made acquisitions such as the Sunrise calendar app at $100 million and to-do app Wunderlist between $100-$200 million in 2015.

Microsoft hasn't stated how it is indeed going to use LinkedIn, but has stated that the professional social network will continue operating as it is.

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