LinkedIn Corp. (LNKD) said it reached 200 million members world-wide, underscoring the professional social network’s continued growth even as other newly public Web companies stumble.
Since reaching 100 million members in March 2011, the company added 13 new languages, and said it now gains new members at a rate of two per second.
LinkedIn, the first of a new wave of Web companies to go public in the last two years, has seen its stock outperformed many of its peers, enjoying a fairly stable rise in share price while other well-known Web stocks, such as daily-deals site Groupon Inc. (GRPN) and social-gaming firm Zynga Inc. (ZNGA), have plummeted amid missteps and weak quarterly results.
Social-networking giant Facebook Inc. (FB) has seen its stock bounce back from an all-time low of $17.55 in September, but it still remains well below its initial public offering price of $38.
Comparatively, LinkedIn, which had an IPO price of $45 in May 2011, is now trading at $112.25, up 77% over the past 12 months.
The latest milestone comes after LinkedIn in November reported membership had reached 187 million. In its latest quarter, the company’s results beat Wall Street estimates and LinkedIn raised its full-year guidance, as it swung to a profit and posted an 81% jump in revenue. Sales in its premium subscriptions and hiring solutions both showed strong improvement.