herald

Thursday 23 October 2014

LinkedIn logs losses

THE Irish arm of business social networking group LinkedIn reported losses equivalent to €3.4m in latest accounts filed.

The figures refers to when the company set up its international HQ in Dublin.

Revenue at the division was listed at €30.3m, according to the first set of accounts filed by the business here.

Last March, the company, headed by Reid Hoffman, co-founder and chairman (right) announced that it intended hiring 100 people for its Irish base. The group generates its revenue by selling its hiring and marketing solutions, both online and offline, through field agents.

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