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

  • Microsoft Corp (NASDAQ: 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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