Overview
- LinkedIn appointed chief operating officer Daniel Shapero as CEO, with outgoing chief Ryan Roslansky staying at Microsoft as an executive vice president.
- Shapero will run LinkedIn day to day and report to Roslansky, who now also oversees Microsoft Office and the Microsoft 365 apps.
- LinkedIn crossed $5 billion in quarterly revenue for the first time, putting its annual run rate above $20 billion, according to company figures reported by GeekWire.
- Revenue rose 11% year over year in the latest quarter, though growth has cooled since Microsoft bought LinkedIn in 2016, pushing a focus on earning more per member.
- Shapero framed LinkedIn’s mission around helping professionals adapt to AI as Microsoft adds AI features to LinkedIn and Office and pours money into new data centers to power those tools.