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Facebook (FB +8.9%) uses its lockup expiration day to announce a long-rumored jobs app that...

Facebook (FB +8.9%) uses its lockup expiration day to announce a long-rumored jobs app that allows recruiters to share listings. 1.7M listings are currently provided, and initial partners include Monster (MWW) and BranchOut. LinkedIn (LNKD -1.4%), which received 55% of its Q3 revenue from job listing services, has spiked lower on the news. The general preference among LinkedIn users to keep their personal and professional social media identities separate could insulate the company. (previous)
Comments (10)
  • Propping up the ol' share price to let the insiders out at a good premium. Good move.
    14 Nov 2012, 12:31 PM Reply Like
  • Any respect I have for Zuckerberg and the entire operation just vaporizes day by day.
    14 Nov 2012, 12:57 PM Reply Like
  • so they decided to leverage their platform to compete with Linked-In and added Monster as partner. I think that's a great move, and the timing couldn't be better because today's supposed to be a down-day with for FB with the lock-up expiration. FB is now thinking monetization rather than just social-mission, but this move accomplishes both.
    14 Nov 2012, 01:03 PM Reply Like
  • How many people will apply for a job via Facebook using their Facebook profile? are you kidding me? Facebook is for your personal life, not professional.
    14 Nov 2012, 02:57 PM Reply Like
  • mark my word,

     

    FB cannot do the job. and let me remind you, not many people want their potential bosses to know their private life on facebook.
    14 Nov 2012, 04:35 PM Reply Like
  • Agreed; I can't see how this announcement would explain the price hike! There's got to be something else...
    15 Nov 2012, 09:30 AM Reply Like
  • Great time to short facebook options. They will double with each 1 dollar move. I just purchased the 21 strike put at 15 cents per contract.
    14 Nov 2012, 04:56 PM Reply Like
  • It's like taking (FB) candy from a baby ("investors").
    14 Nov 2012, 05:07 PM Reply Like
  • who bought today?
    14 Nov 2012, 09:07 PM Reply Like
  • 229 million shares traded- on a ex date? please
    14 Nov 2012, 09:09 PM Reply Like
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