Facebook’s Bold Move

Facebook’s Bold Move

Facebook’s recently announced job-posting service is attracting a lot of attention. Many pundits have said it’s a threat to LinkedIn, given the sheer number of Facebook users (nearly 2 billion worldwide) compared to LinkedIn’s 467 million users. Soon it will be Facebook, and not Microsoft-owned LinkedIn, that recruiters will turn to first when it comes to finding talent, they predict. Facebook’s deep pockets (it had $10 billion in net income on total 2016 revenue of $27 billion, for example) along with the sheer size of its membership make it a formidable potential competitor to LinkedIn, although LinkedIn will also have access to its new parent company’s vast resources.