logo
  Join        Login             Stock Quote

Facebook (FB) Unveils Social Jobs App, Shares Jump; Linkedin (LNKD) Retreats

 November 14, 2012 01:46 PM


(By Balachander) Facebook Inc. (NASDAQ: FB), whose lockup provisions on more than 800 million shares expired on Wednesday, has launched an application that allows recruiters to share positions.

The announcement sent shares of LinkedIn Corp. (NYSE: LNKD), a professional-networking site, down on Wednesday.

The new tool will make it easier for people on Facebook to find and share employment opportunities, the social networking site said.

Facebook created the Social Jobs Partnership (SJP) last year with the U.S. Department of Labor and other agancies. SJP is an initiative that leverages social media to connect great jobs with great candidates.

[Related -Why Investing In IPOs Is A Foolish Move]

The app launches with employment opportunities provided by BranchOut, DirectEmployers, Work4Labs, Jobvite and Monster.com, Facebook said.

Together, these developers are offering applicants access to more than 1.7 million jobs currently hosted on Facebook.

FB shares jumped 10.98 percent to trade at $22.01, while LNKD shares shed 1.24 percent to trade at $98.03.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.