LinkedIn is an online professional networking site, much like Facebook or MySpace, except that it’s for...
LinkedIn is an online professional networking site, much like Facebook or MySpace, except that it’s for connecting with classmates and colleagues to create networks that may be helpful in, among other things, finding job opportunities. The site boasts approximately half a billion members and claims to be the “world’s largest professional network on the Internet.” What made LinkedIn the largest professional network site? Since it is already the largest, does that mean LinkedIn will always be the largest? Why or why not?
Homework Answers
It can actually mentioned that LinkedIn is actually a first mover in its segment in the social networking scenario where it actually started to connect the the people for professional purposes slowly due to the first mover advantage and the promotional activities, and also due to the high capital it has, Indian has successfully become the largest professional networking site for various job opportunities and connecting with professional people all in all and it doesn't mean LinkedIn always tease top but it is very difficult to take away the Monopoly power it pocesses in this segment as there are many small players but it takes a lot to go there.
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