LinkedIn, the professional network people use to maintain an online resume, find jobs and job candidates, and network, is sending a clear message with its acquisition of news-reader Pulse: It’s a media company, and it’s not ashamed of that.
Pulse makes an app that allows readers to browse articles from a variety of online sources, including social networks. In that, it’s similar to Flipboard and Zite, though it has particularly nice features for saving items to read later. LinkedIn is paying $90 million, mostly in stock, to buy the company, which has 30 million users and serves up material from 750 publishers. Pulse was started in 2010 by Akshay Kothari and Ankit Gupta, who met as students at Stanford.
All The Business News That Fits, We Print
Where does that fit with LinkedIn? Increasingly, LinkedIn wants to broaden how users think of it beyond job-hunting. Already, LinkedIn publishes articles by high-profile business figures like Virgin chief Richard Branson and Buddy Media founder Michael Lazerow.
That means bringing in a wide variety of sources — a layer of original, exclusive, high-end articles on top; links to relevant business items from around the Web in LinkedIn Today; and user contributions in LinkedIn Groups and profile updates. The only problem LinkedIn has on its current website is that its tools for reading, saving, and sharing content leave something to be desired. That’s where Pulse comes in.