Bad News for Workers Is Good News for LinkedIn
Where everyone else sees economic gloom and doom, Reid Hoffman sees opportunity.
As the freshly minted CEO of LinkedIn (and its founder), he is shepherding a moneymaking tech company in battered Silicon Valley. And he anticipates more growth next year.
That is no small achievement. The social-networking site, which lets business professionals create online profiles to seek jobs and network, is adding members faster than ever despite its own recent layoffs and a management shake-up.
“LinkedIn is the office, Facebook is the barbecue in the backyard, and MySpace is the bar,” says Hoffman, referring to the three major social-networking sites battling it out for millions of consumers and billions of dollars in online ads.
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