LinkedIn Chief Chased Overseas For Growth, Finds India Leading The Turf

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  • Microsoft Corp MSFT LinkedIn CEO Ryan Roslansky braced for growth for the social-networking site in markets like India, which prepared for economic headwinds more broadly by pausing hiring.
  • India has become LinkedIn’s fastest-growing market as more companies and advertisers come online, with sales in the country rising at a 50% year-on-year clip, Roslansky told Bloomberg.
  • “What’s going to happen in the next ten years in India is being written right now,” he said.
  • Also Read: Meta Loses Yet Another Key India Official To Rival
  • The business networking service explored overseas for new growth opportunities as the worsening economic climate weighs on its U.S. home market
  • Roslansky said LinkedIn has paused hiring to prepare for more challenging conditions.
  • Most of LinkedIn’s growth happened outside of the U.S., adding that new members are joining the networking site in markets like India, Indonesia, and Western Europe.
  • In 2021, several individuals had their profiles blocked or posts removed from the China version of LinkedIn since May as the nation’s domestic internet firm crackdown gained steam.
  • LinkedIn accepted Chinese censorship when it entered China in 2014. 
  • Shortly after, LinkedIn announced pausing new member sign-ups as the platform to ensure local law compliance.
  • Price Action: MSFT shares traded lower by 0.37% at $240.83 in the premarket on the last check Thursday.
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Posted In: NewsManagementTechMediaBriefs
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