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LinkedIn Names Insider Daniel Shapero CEO; Microsoft Shares Rise to $431.65

Microsoft appointed long-time executive Daniel Shapero as LinkedIn's new CEO effective immediately, signaling continuity amid AI workplace push. Shapero, with LinkedIn since 2008, reports to Ryan Roslansky, who keeps broader Microsoft duties; this follows LinkedIn's 11% YoY revenue growth and membership surge to 1.3 billion from 700 million in six years. Shares climbed 1.77% to $431.65, with earlier reports noting ~1.9% gains, as investors welcome stable leadership supporting Microsoft's AI integration and data-center investments.

Category

Microsoft

Sentiment

Neutral

Event

Corporate action

Reading time

1 min