The shares professional of networking LinkedIn websites were higher on Friday, its climbed 18% percent after the company reported quarterly trades more than doubled and passed a major milestone, note up 150 million registered users worldwide.

Michael Graham, an Internet analyst at Canaccord Genuity, increased his incomes estimate for the company, writing in a research known that LinkedIn has taken “another measure p on the path toward to default global hiring solution.”

The develop in users cements LinkedIn’s position as the biggest professional network on the Internet. The company’s performance and outlook is sharply watched by investors as an indication of whether the business model of Internet companies is full, especially remember of Facebook’s filing for an IPO last week.

Facebook’s public offering appears set to be one of the biggest and most talked about in recent memory of offering from other companies in the social media space, including Groupon, Pandora, Zynga and LinkedIn.

Began in the living room of ex-PayPal executive Reid Hoffman in 2002 and officially. It launched in May 2003, LinkedIn is similar with Facebook which connects people but more smaller just geared towards professionals.

Speaking on CNBC Friday about his company’s wide quarter, LinkedIn’s CEO Jeff Weiner said that the company is able to develop in economic environment.

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