Tag Archives: hour

How Linkedin gets 20x more money per user than Facebook

Forbes has LinkedIn CEO Jeff Weiner on the cover—but the professional social network’s business model is the real hero of the story.

Here are some of the amazing statistics Forbes’ George Anders reports:

  • LinkedIn users spend an average of 18 minutes a month on the site. Facebook users spend 6.4 hours a month.
  • But LinkedIn gets $1.30 in revenue for every hour those users spend on site. Facebook: 6.2 cents.
  • Anders describes LinkedIn’s most expensive product offering, LinkedIn Recruiter, as a “Bloomberg terminal” for talent scouts. It costs up to $8,200 a year per “seat,” or user license.
  • Adobe, a big LinkedIn customer, has 70 seats. At list prices, that’s about half a million in revenue a year from a single client.
  • LinkedIn’s top salespeople make as much as $400,000 a year selling Recruiter.
  • LinkedIn spends 33 percent of revenue on sales and marketing.
  • LinkedIn’s profits are expected to double this year to $70 million.

 

Via - How LinkedIn Gets TWENTY Times More Money Per User Than Facebook

 

**Note: Facebook’s profit in the last quarter was $205 million on revenue of $1.1 billion.

 

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Unemployment rate at 8.1% – job growth seen in manufacturing, architecture, engineering, and computers

Hiring continued its slow pace in April as employers added a modest 115,000 jobs to their payrolls.

The jobless rate inched down to 8.1% last month, the Labor Department said Friday, but that wasn’t because more people were employed. Rather, the rate fell as more workers dropped out of the labor force (about 342,000 workers).

The April jobs report was highly anticipated because job growth slowed sharply in March after three strong winter months of payroll gains averaging 252,000.

Job growth last month was bolstered by continued strength in manufacturing, which added 16,000 jobs to payrolls, and professional services such as architecture, engineering and computer systems design also increased staffing.

Wages overall were subdued; average earnings for all private-sector employees went up by a mere penny from March, to $23.38 an hour.

via LA Times

Renewable energy production variability by hour of day, and by season (graph)

- …illustrate the variability of wind and solar generation relative to the comparatively smooth output from other generation sources

- Power produced by geothermal, biomass, biogas, and small hydro generators can be easily dispatched, meaning it can be either increased, decreased, or controlled to remain fairly constant.

- Wind resources are often more available at night.

- Solar power is not generated until the sun comes up, and can increase and decrease quickly as the sun rises, sets, or is blocked by cloud cover. However, much of California’s utility-scale solar capacity is based on concentrating solar technology, which embodies enough thermal storage to continue generating power for a few hours after the sun goes down

- The variability of wind and solar power generation leads to challenges in power system operations and planning.

- The contribution towards total generation from eligible renewable resources also varies seasonally. For the dates charted above, the amount of renewable generation as a percentage of the total generation ranges from 8% on Oct 18, 2011 to 14% on May 9, 2011.

via - Today in Energy, EIA