LinkedIn Shuts Down Its Ad Network 12 Months After It Opened 

Although this is not so good news, it’s sponsored content business should be rock solid:

On Thursday LinkedIn announced that it will stop selling ads that appear outside of its walled garden. The company estimated that it will miss out on $50 million in revenue, but it appears the costs of growing and operating that business offset any profitable upside.”While initial demand was solid, the product required more resources than anticipated to scale,” LinkedIn CFO Steve Sordello said in the company’s earnings statement released on Thursday.

Source: LinkedIn Shuts Down Its Ad Network 12 Months After It Opened | Digital – AdAge

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