LinkedIn Profit Jumps 30 Percent as Revenue More Than Doubles

LinkedIn Corp.’s profit jumped 30 percent and its revenue more than doubled in its latest quarter, providing a lift to the young social-networking industry ahead of Facebook Inc.’s public offering later this year.

LinkedIn Is Acquiring Contacts Start-Up Rapportive

Rapportive, which makes a browser plugin that overlays Gmail with contextual information about email contacts, is being acquired by LinkedIn, sources said.
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Obama Administration Promises to Answer Quora Users’ State of the Union Questions

The intelligent discussion site Quora has gotten a nod from the Obama administration on the eve of the annual U.S. State of the Union address.
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News Byte

LinkedIn Nabs Dow Jones Exec in Asia

LinkedIn has hired Olivier Legrand to run its advertising business in the Asia Pacific region, where the business networking site has more than 20 million members. Legrand has most recently been running digital initiatives in Asia for News Corp.’s Dow Jones, including The Wall Street Journal.

Zynga’s Stock Nosedives, Falling Nine Percent to Hit New Low

Zynga’s shares continued a downward spiral for a third straight day, sinking more than nine percent to hit an all-time low.
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Final Tech Stock Tally for 2011: Rout-Roh!

Since I write about tech, I cannot buy its stocks. (Yay for my portfolio!)
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Jildy, Whose Patents Google Owns and Facebook Licenses, Launches Its First App

There’s now a body of social search intellectual property that three companies have the rights to use: Google, Facebook and a virtually unknown start-up named Jildy.
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Most Tech Stocks Were Naughty, Some Nice and Only Apple Merry, as Year Ends

Tech investors had better watch out in 2012.
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oBaz Wants to Rebuild the Online Deal Site, With Help From Groupon’s Founders

The rise of limited-stock daily deal sites has brought the stress of holiday shopping to the Web. But oBaz, a new online boutique start-up, is trying to quiet the storm with a little help from you.
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Game On! Zynga Starts Slowly On First Day of Trading.

In its first morning of trading, Zynga has started trading only marginally higher at $11 a share, up from its initial $10 offering.
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Hearsay CEO Clara Shih Named to Starbucks Board

Starbucks has named Clara Shih, the CEO of Hearsay Social, to its board of directors.
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