Twitter’s stock hit a new low this week, and it seems that right now Wall Street doesn’t have much love for the social-media sector. Despite revenue growth, the sector is seeing a slowdown in users signing up and in advertising sales.
Could LinkedIn weather the storm better than its competitors?
One a chunk of its revenue comes from corporate recruiters and member fees.
But Geoffrey James says he thinks LinkedIn is safe because it focuses on what nearly all of us do: work. “And that’s its beauty,” he says. “It’s work. It’s the lack of the funny cat pictures,” he says.
Sharing cat pictures may come and go, but sharing who we are as workers, James says, has staying power.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.