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Facebook lockup expires, stock spikes

Facebook announced something different last evening. Here it is from the horse's mouth: Announcing the Social Jobs App. What is it? Well, this is the app that helps users connect with roughly 1.7 million job offerings. The Social Jobs Partnership or SJP will "make it easier for people on Facebook to find and share employment opportunities." I must say that this was perhaps a long time coming. The only downside I can see is that if you are mates with your boss on Facebook, how do you keep this a secret? I am tuned into the LinkedIn stream which suggests so and so added new skills or even better upgraded to a fully paid service. That kind of hints to me that someone is more than putting themselves out there.


So what does the rest think? Well, it turns out that this has been positively received: Facebook Launches Job-Listing App. That was the Wired view. What about the WiredIn view? If such a thing exists. Turns out that it does, but not what I would have thought. But again, I am getting off the point here. The point that I am trying to make is that this announcement coincided with 800 million shares becoming available to be sold in the market. Huh? You would expect that price to go down then. But instead it was up over 12 and a half percent. Still, the stock is half of what its all time high was. Some are suggesting that the selling will come in days as those wanting to exit now can. And who knows how that will end.


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