LinkedIn has neglected two big opportunities Facebook is now capitalizing on: helping lower-skilled workers and people who aren’t actively looking for a job. Today Facebook is rolling out a slew of new Jobs features we spotted it testing last year. They could hurt LinkedIn’s growth prospects and divert recruiting ad dollars.
Facebook Inc said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp's recruiting business. "Based on behaviour we've seen on Facebook, where many small businesses post about their job openings on their Page, we're running a test for Page admins to create job postings and receive applications from candidates," a company spokesman told Reuters.
Seems that glory time of professional social networking sites (SNS) comes to an end. Annual report of LinkedIn is a direct evidence to this fact. According to the results of the second quarter, the losses of this social network amounted to 119 million US Dollars what considerably exceeds the results of the previous year. This is the worst outcome of the company since 2011.
Microsoft just surprised the world with its LinkedIn acquisition. Valued at $26.2 billion, it's a huge price to pay for a social network, and it tops the charts as Microsoft's biggest-ever acquisition. As Microsoft CEO Satya Nadella's first major acquisition, the success or failure of LinkedIn will define him as the leader of Microsoft's increasingly service-driven future. While many are surprised at the cash figure, the question on everyone's lips is, why does Microsoft want LinkedIn?
Reid Hoffman, the billionaire cofounder of LinkedIn, is one of the most successful and respected people in Silicon Valley.
But even Hoffman has regrets in his career and says he would have done one thing differently if he had a chance to go back: work at Netscape.
"I would have volunteered to work at Netscape," Hoffman told CNN's Fareed Zakaria, referring to the now defunct internet company best known for its web broswer with the same name. "It was the center node of this new technology and the commercial ecosystem of the internet."
Work based social network sites like LinkedIn for some time giving Facebook a bit of competition, especially among professional people. To address this finally Facebook is going to launch a new version of its site keeping the demands of work based social network in mind. According to reports, this new website of Facebook dubbed as ‘Facebook at Work’ will offer an array of workplace features like chatting with colleagues, connecting professional contacts and collaborating with official documents. Even though the version has been rolled out for official use it will also allow users to keep their personal profiles. Expectedly enough, the move will create new viability of Facebook for the professionals and office users. This is one of those future projects of Facebook which is capable of enhancing its reach even inside the so called forbidden territory right now.
UAVs for providing network in remote areas
This is viewed as one of the top future projects of Facebook. For quite some time Facebook is planning to provide internet network in remote areas for its users with the help of UAVs. Recent speculation about Facebook’s buying of solar powered drones only confirms that. For sometime under the banner of Facebook.org the company is trying to bring internet connection for everybody around the world. Though it is still not clear how various nations would take these drones from the point of view of security, the move is supposed to leverage far greater access for the brand.
Flipboard like mobile news reader
Facebook is launching soon its own news reader service that shares the news contents shared by the users. This new Flipboard like news reader feature is developed with a view of making its mobile app more popular. The shared news published on a mobile friendly visual design format can help the readers to track potential news of their interests. As per latest reports, the project has found particular favor from Mark Zuckerberg and the design is planned keeping high end mobile devices in mind.
New version for office use