Facebook's new jobs board: Is LinkedIn toast?
The billion-user social network is very eager to get Americans back to work.
On the lookout for a new job? Here's something to like: Facebook (FB), with the enthusiastic backing of the Department of Labor, just revealed a new job-board application to help many of the social network's 1 billion-plus users get back to work.
The platform -- which partners with Monster.com, BranchOut, and Work4 Labs, among others -- aggregates 1.7 million openings from recruiters, allowing job-hunters to sift through listings by location, industry, and skill, or share job openings through their network.
Facebook insists that it's not entering the recruiting industry, a statement that "appears far-fetched given the capability of the application," says J.J. Colao at Forbes.
And of course, Facebook's expansion could spell bad news for LinkedIn (LNKD), a site for professionals that, with 187 million users, has apparently faced some growth concerns from investors.
Will Facebook's job board kill LinkedIn?
This could be trouble for LinkedIn: "LinkedIn must be worried,"says Donna Tam at CNET. The new Facebook app's many launch partnerships, not to mention the social network's "attractive" pool of 1 billion users, highlight how much better Facebook is at the core task of social jobs recruiting. That's "LinkedIn's bread and butter," and clearly, Facebook is moving in.
But Facebook's app is barely functional: This could be "first-day-of-school jitters, but [Facebook's] app is returning unexpectedly inappropriate results for some searches," says Jolie O'Dell at VentureBeat. For instance: A query for writing jobs in the Bay Area yielded no results. Huh? Overall, the app is "not as well designed or as cohesive as one might like." For the time being at least, LinkedIn and other competitors are safe.
Plus, LinkedIn and Facebook appeal to different audiences: Look at it this way, says Forbes's Colao. Facebook's "varied demographics" differ from LinkedIn's "older, college-educated users." Work4 Labs, for instance, focuses on entry-level and hourly positions over the salaried openings that LinkedIn advertises. In any case, this much is clear: "The future of recruiting is decidedly social."
More from The Week
- Has Facebook finally entered the smartphone era?
- How MSNBC is catching up to Fox News
- Is a Netflix bidding war on the horizon?
So facebooks 1 billion users don't work?
"just revealed a new job-board application to help many of the social network's 1 billion-plus users get back to work. "
What kind of loser looks for a "writing job" in the Bay Area? Go back to school and do something that will actually pay you.
only time will tell if this is a winner.
visit my blog at
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The solid report comes a month after the retailer closed all of its Canadian operations.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.