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xing’s performance threatens rival linkedin

Wed, Jul 23, 2008

News

Professional networking site Xing is proving that it’s more than just an annoying buzz in the ear of rival LinkedIn.

The site reported its half year results, which show that earnings rose nearly three fold from EUR 1.46 million to EUR 5.76 million.

Membership has increased substantially, with 470,000 premium memberships and 6.14 million members total, up from 3.52 million. This is still somewhat paltry in comparison to LinkedIn’s estimated 23 million members. But such phenomenal growth in such a short time establishes this site as a competitor quickly encroaching on LinkedIn’s market space.

Xing also recently added an advertising and an e-commerce revenue stream to their premium subscriptions, which has resulted in 2.46 million clicks on jobs during the reported period.

 

Popularity: 18% [?]

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This post was written by:

Vanessa Dennis - who has written 582 posts on Cheezhead Recruiting News and Opinion.

Vanessa Dennis, originally from Austin, Texas, was a corporate recruiter for two years before becoming a writer for Cheezhead.com. Vanessa has an English Writing degree from Loyola University of New Orleans. She currently lives with her family in Cleveland. Connect with Vanessa on the Facebook Fan Site.

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