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LinkedIn Swung to Profit, Doubled Revenue in 2010

LinkedIn Corp. the largest professional social-networking site, more than doubled revenue and swung to a profit last year as it readied for an initial public offering.

LinkedIn had revenue of $243 million in 2010, up from $120 million in the previous year, according to a regulatory filing today. The company had net income of $15.4 million compared with a loss of $4 million for the year-ago period.