Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

MARKET MOVERS

Ads, memberships boost networking site

Paul Sakuma/Associated Press/File 2011

LinkedIn forecast first-quarter revenue of $170 million to $175 million, compared with a $170.5 million average estimate.

Continue reading below

Professional networking website LinkedIn Corp. rose the most since November after it reported fourth quarter sales that more than doubled and forecast higher 2012 revenue, buoyed by ads and subscriptions. LinkedIn said membership jumped to more than 150 million from 131.2 million the previous period. The fourth quarter “exceeded our expectations for member engagement and business growth,’’ chief executive Jeff Weiner said. Fourth-quarter revenue rose to $167.7 million, the company said. That topped an average estimate of $159.8 million. The company may face increased competition from Facebook, which recently filed for an IPO. BranchOut Inc., a start-up, is building a professional network on Facebook, taking advantage of its 845 million users. BranchOut said it added more than 50 million members in the past two months.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com