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LinkedIn Passes Myspace to Become No. 2 U.S. Social Network

LinkedIn Corp., a website focused on job seekers and recruiters, surpassed Myspace to become the No. 2 social-networking service in the U.S. last month, boosted by its initial public offering in May.

Founded in 2003, LinkedIn connects the world’s professionals to make them more productive and successful. With more than 120 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world’s largest professional network on the Internet. The company has a diversified business model with revenues coming from member subscriptions, marketing solutions and hiring solutions. LinkedIn’s IPO raised its profile with investors and helped build publicity around the Mountain View, California-based company. It has posted two straight months of gains, according to ComScore.

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