Internet Changes Everything

LinkedIn launches paid service for member groups

LinkedIn launches paid service for member groups - Yahoo! News

Tue Jul 19,10:56 AM ET

SAN FRANCISCO (Reuters) - Privately held business networking site LinkedIn released on Tuesday a new paid service called LinkedIn for Groups, targeting alumni, professional and other organizations that want to help members stay in contact.

The Mountain View, California-based company said separately it is aiming for profitability in the first quarter of 2006.

Users of the new LinkedIn for Groups service include the alumni associations of Caltech and Duke University's Fuqua School of Business, as well as professional organizations like the Product Development and Management Association and the German American Business Association.

Industry conference organizers such as the Kelsey Group and the Delphi Group also may use the service to help attendees meet, schedule meetings and communicate after the events.

LinkedIn for Groups pricing runs from $5,000 to $25,000 for the first year.

LinkedIn, which provides basic networking on its site free of charge, also said it will roll out a premium subscription in August. Pricing was not disclosed.

The site has become a popular employment tool, attracting both recruiters and job seekers. In March, the venture-capital funded company started charging employers $95 for a 30-day job listing.

July 19, 2005 at 04:57 PM in Web lifestyle | Permalink | TrackBack (26) | Top of page | Blog Home