Romanians Contribute $40M To LinkedIn Value

05.22.2011 ZF English

Shares of LinkedIn, the business social network, rose by 109% from the initial price on the second day after listing, with its market value now put at $8.8 billion, according to Bloomberg. Thus, each CV posted on the website is worth around $81.

Globally, the network has more than 100 million users, whose number has tripled in the past couple of years. In Romania, LinkedIn has 416,336 members, who thus contributed almost $40 million to LinkedIn value growth.

In Romania, LinkedIn is more often used by women than men and the best represented age category is that of users aged between 25 and 34, according to website data.

Each of the three biggest companies operating in Romania has over 1,000 employees with LinkedIn accounts, according to the website data.

BCR, Romania's biggest bank, has 1,353 employees using LinkedIn business network, followed by BRD with 1,062 and Petrom with 1,102. Almost 1,200 employees of Orange, leader of the domestic telecom market, have a LinkedIn account.