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LinkedIn has lost $100 million since Microsoft acquisition


The reported earning of Microsoft from the second quater released yesterday(Thursday) show that newly-acquired LinkedIn made $228 million in revenue towards its bottom line, but also lost $100 million in net income.
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In total, Microsoft generated $26.1 billion in revenue for the quarter, meaning LinkedIn’s contribution is less than 1 percent.

If we are to compare with Q2 2016, LinkedIn reported $933 million in revenue, with an earnings per share of $1.13. It also had a net loss of $118 million.

Microsoft completed its LinkedIn purchase in December, after receiving approval from regulators in the U.S., Canada, Brazil, South Africa, and the European Commission.
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The company is apparently putting effort towards finding ways to improve member engagement, which currently stands at 106 million users monthly.

By Ephraim Batambuze III | Pc Tech Mag

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Tech Magazine: LinkedIn has lost $100 million since Microsoft acquisition
LinkedIn has lost $100 million since Microsoft acquisition
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