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In June 2016, Microsoft announced that it will acquire LinkedIn for $196 a share, a total worth of $26.2 billion. In 2016, access to LinkedIn was blocked by Russian authorities for non-compliance with the 2015 national legislation that requires social media networks to store residents’ private data on servers located in Russia. In April 2014, LinkedIn announced that it had leased 222 Second Street, a 26-story constructing under construction in San Francisco’s SoMa district, to accommodate up to 2,500 of its employees, with the lease masking 10 years. LinkedIn’s fourth-quarter 2011, earnings soared because of the corporate’s increase in success within the social media world. Shares of LinkedIn rose as much as 171% on their first day of trade on the Big Apple Stock Exchange and closed at $94.25, greater than 109% above IPO worth. In late 2003, Sequoia Capital led the Sequence A funding in the company.
