Showing posts with label LinkedIn. Show all posts
Showing posts with label LinkedIn. Show all posts

Friday, August 9, 2019

LinkedIn stays 'professional' to repel social media venom


MANILA -- Twitter helps the powerful discover their worst selves and leaves everyone else vulnerable. Facebook brings people together only to subject them to marketing and manipulation. Our social feeds aren’t ready for the 2020 election. None of them are even ready for today. In recent months, they have faced serious scrutiny from Democratic and Republican lawmakers alike.

Except one. Is there anything the rest of the internet can learn from LinkedIn?

The site arrived in 2003 as an alternative to job-listing databases and steadily established itself as the professional sector of the social web. Like other networks, LinkedIn was, in its early years, a place to keep up with the people and institutions you had connected with there. In 2010, with the success of Twitter and Facebook’s social feeds as a backdrop, the service carved out its own space for sharing news and life updates. By 2016, when it was purchased by Microsoft, LinkedIn had affirmed its dual identity: It was a networking site for hiring and getting hired, but also a place for “professionals” (i.e. anyone with a LinkedIn account) to share links and thoughts, or what they thought other people might want to read and hear.

Today, a Facebook-style news feed, complete with like, comment and share buttons, is often the first thing users see when they open LinkedIn. The company’s internal editorial team, which writes and curates business content, has a staff of 65. They’re flanked by a massive slate of influencers — business leaders, subject-area experts and marketing gurus — who post regularly, the most popular of whom have millions of followers apiece.

At the end of 2018, the company said that, in one day, “over 2 million posts, videos and articles course through the LinkedIn feed.” Now LinkedIn claims to have more than 645 million users, 180 million of them residing in North America. Last year, it produced more than $5.3 billion in revenue for Microsoft. (For scale, that’s about one-tenth the revenue of Facebook Inc., about half of Instagram’s and almost twice Twitter’s.)

Considering its size and social footprint, LinkedIn has been a notably minor character in major narratives about the hazards of social media. The site hasn’t proved especially useful for mainstreaming disinformation, for example, nor is it an obvious staging ground for organized harassment campaigns. It is unique among its social media peers in that it has not spent the last five years in a state of wrenching crisis.

And perhaps even more importantly, LinkedIn is not, in the popular imagination, a force for radicalization, a threat to democracy, a haven for predators, an environment that encourages mob behavior, or even a meeting place for pot stirrers.

“You talk on LinkedIn the same way you talk in the office,” said Dan Roth, LinkedIn’s editor-in-chief. “There are certain boundaries around what is acceptable.” Criticism of other users’ posts, he said, tends to be measured — “there’s a certain range in the voice,” he said — and users will often make the platform’s numerous implicit norms explicit, when they feel it’s necessary. “If you read the comments,” Roth said, “when someone goes out of bounds, you have other members saying, ‘Hey, bring this back.’”

“This is something that your boss sees, your future boss, people you want to work with in the future,” Roth said. “It’s as close to your permanent record as you can get.”

In the context of social media, this may sound slightly menacing. In the context of the modern office, it’s perfectly familiar.

“We bring implicit theories, or rules, to how we behave at work,” said Amy C. Edmondson, a professor at Harvard Business School who has studied workplace communication. These ideas about how to speak and behave in an office can be valuable but also mistaken, and sometimes individually and institutionally counterproductive. (A workplace where nobody speaks up is a workplace where little will change.) “Everyone at work has two jobs, and the other is the job of looking good,” she said. “These rules are largely oriented toward the second job.”

Scaling job two — looking good at work — up to a social network creates a new sort of venue: a non-office office, with thousands of bosses, none of them yours, all of them potentially watching.

The overwhelming incentive, as a job seeker, is toward caution. Likewise, there is little reason, as a boss, to tangle with especially difficult subjects. LinkedIn is plainly not a place to organize a union. Its mission is to mediate and facilitate a fundamentally unequal process. Topics that can be risky for rank-and-file workers to bring up in an office, such as pay inequality, diversity or workplace harassment, tend to unfold on LinkedIn in the manner of an event organized by human resources.

“These kinds of sensitive conversations will start from people at the top of companies,” Roth said, citing the announcement of Nielsen’s chief executive, David Kenny, that he would assume the additional title of chief diversity officer as an example. “When it’s a CEO talking about it, you can speak in a more authoritative way.”

Nicholas Thompson, editor-in-chief of Wired, is what you might call a LinkedIn power user. He publishes a daily video about technology to his more than 1.3 million followers on the site. Spicier material? He saves that for Twitter.

“It’s much harder to be a dissident on LinkedIn, or to spread awareness about autocracy,” Thompson said. Business stories do well, as do posts about his own work and the media industry in general. Gun violence? Not so much. “You don’t want to post an Andy Borowitz cartoon,” Thompson, formerly an editor at The New Yorker, said. “People respond badly.”

Thompson also estimates that his American followers on LinkedIn are more evenly distributed along the political spectrum, compared with his followings on Twitter or Facebook, where they tilt liberal. But, he said, “filter bubbles aren’t as strong, in part because people aren’t posting as much about politics.” The 2020 field of candidates is doing plenty of hiring on LinkedIn, but don’t expect campaigning there. Political ads are banned on the platform. In 2017, the last year outside analytics firms could track such things, Forbes.com was the most popular source of news posted to the site, according to NewsWhip. (The majority of posts tend to deal in the genres of self-help, motivation and marketing.) Of the top 10 stories of the second half of 2017, nine were explicitly about work, and one was about a solar farm in China that is shaped like a panda.

“The risk on Facebook is becoming too toxic,” Thompson said. “The risk on LinkedIn is becoming too cheesy.”

As a platform that depends on its users to be careful and calculated in their self expression, LinkedIn proposes and exemplifies a brutally honest vision for social media. Sure, the platform studiously avoids “politics,” but the ideology of corporate America seeps out through its every user notification. There is no illusion of a level playing field — it’s a service that works better if you pay for it.

Like Facebook and Twitter, it’s a private space that is ultimately subject to the desires of its owners and their customers. Unlike Facebook and Twitter — and perhaps more like the workplace you report to every day — it never pretended to be anything else.

LinkedIn was never meant to “connect the world,” at least not without a caveat and a reason: it was built to connect “the world's professionals,” and specifically “to make them more productive and successful.” Any debate about “free speech” on LinkedIn has to square with the fact that it’s a place where you have to pay to message people with whom you aren’t already connected. If Facebook or Instagram sent a notification every time you looked at another’s user’s profile, it would be a scandal; on LinkedIn, it’s a core feature of the platform. On other social media platforms, users might be careful in case employers see evidence of their lives outside of work. The identities performed on LinkedIn are contrived with employers in mind.

“There are hundreds of thousands of bosses, and tens of millions of people who want to please these bosses,” said John Hickey, who started using LinkedIn when he began working in advertising and now runs @BestofLinkedIn, a Twitter account that pokes fun at the site’s culture. “It’s insulated circles of people patting each other on the back, and it goes around and around and around.”

Hickey also posts a range of aberrant material — a particularly popular strain, he said, is people attributing business wisdom to their children. (He labels the posts, “Made Up Kid Monday.”) His followers send him more: blustery #MAGA posts met with awkward silence; unprofessional meltdowns; clearly fabricated office stories; misattributed quotes; cringeworthy attempts at flattery. Finally, there are the truly mistaken.

“Some people,” Hickey said, “think LinkedIn is Facebook.”


2019 The New York Times Company

source: news.abs-cbn.com

Tuesday, April 24, 2018

LinkedIn wants to help millennials deal with 'quarter life crisis'


MANILA - Professional network platform LinkedIn on Monday launched its new "Career Advice" feature in the Philippines, hoping to enable young professionals to connect with others for advice and deal with job-related "quarter life crisis." 

LinkedIn said that based on a study it commissioned, more than 60 percent of Filipino professionals aged 25 to 33 are worried that they are not earning enough, 54 percent feel unsure about what to do next in their lives or careers, and 53 percent are frustrated with their career options.

It added that 49 percent report feeling stuck in their current roles with no transferrable skills, 46 percent feel that their current workplaces don’t offer enough support to help them progress. 

LinkedIn also said 87 percent of young Filipino professionals deal with doubt and insecurity which can lead to anxiety or depression. 

Seventy-one percent want advice to help them figure out what to do next but don’t know where to go for answers, according to the LinkedIn study. 

"While there isn’t one simple solution to get over a quarter-life crisis, getting advice from people that have had similar experiences can help navigate these career crossroads,” Linda Lee, LinkedIn’s Head of Communications for Southeast Asia and North Asia, said. 

The professional network said that with "Career Advice" those interested in looking for job negotiation tips, switching careers, or pursuing one’s passions, among others, can find professionals who can help based on the type of advice needed or mutual interests.

"With the LinkedIn Career Advice feature, you will be able to connect easily with a range of mentors," LinkedIn said.

source: news.abs-cbn.com

Tuesday, January 30, 2018

More than words: How to get hired based on your online profile


MANILA - Job-hunters should "stand out" by selling their "authentic selves" instead of packing their online profiles with cliches, social networking service LinkedIn said.

Words used by Filipino job-hunters to prop up their profiles such as "experienced" and "skilled" are not enough to make them stand out, according to job-oriented service.

"Beyond using words to describe ourselves, we are also encouraging our members to stay engaged with their networks and establish a voice in their community," said Linda Lee, LinkedIn’s Head of Communications for Southeast Asia and North Asia.

Filipinos like to use the following words on their online job profiles, according to LinkedIn: experienced, skilled, specialize, leadership, expert, passionate, responsible, creative, motivated, and focused. 

Job seekers to keep their profiles active by following organizations that they intend to work for, making new connections in their fields, joining groups and participating in discussions, LinkedIn said.

"If you consider yourself a ‘specialist’, why not show this by tailoring your profile accordingly? List relevant skills which have been built up through your work experience," the social network said. 

Job candidates are also advised to show recruiters their creativity by including presentations, video, design work and projects on their profiles instead of simply describing themselves as creative. 

LinkedIn has around 4 million users in the Philippines.

source: news.abs-cbn.com

Friday, October 21, 2016

Russian indicted in US on charges of hacking LinkedIn


A federal grand jury in California has indicted a Russian man for hacking computers belonging to LinkedIn Corp, Dropbox and Formspring, the US Justice Department said on Friday.

Yevgeniy Nikulin was arrested on October 5 by officials in the Czech Republic and remains in custody in Prague, the Justice Department said in a news release.

LinkedIn said at the time of his arrest that it was related to a 2012 breach at the social networking company that may have compromised credentials of 100 million users, prompting a massive password reset operation.

It was not immediately clear if US officials had begun extradition proceedings to have Nikulin, who was indicted on Thursday by a federal grand jury in Oakland, California, brought to the United States to stand trial.

According to the DOJ, Nikulin is accused of accessing computers belonging to LinkedIn, Dropbox and Formspring and obtaining information from them.

The US attorneys office could not immediately be reached for further comment. It was not yet clear who would be representing Nikulin in the proceedings.

He is also alleged to have used credentials of LinkedIn and Formspring employees in connection with the computer intrusions. Further, Nikulin is alleged to have engaged in a conspiracy with unnamed co-conspirators to traffic stolen Formspring user credentials.

The indictment charges Nikulin with three counts of computer intrusion, two counts of intentional transmission of information, code, or command causing damage to a protected computer; two counts of aggravated identity theft; one count of trafficking in unauthorized access devices; and one count of conspiracy.

(Reporting by Eric Beech in Washington and Dan Whitcomb in Los Angeles; Editing by Eric Walsh and Diane Craft)

source: www.abs-cbnnews.com

Tuesday, June 14, 2016

Microsoft to buy LinkedIn for $26.2-B in its largest deal


Microsoft Corp. will buy LinkedIn Corp. for $26.2 billion in its biggest-ever deal, marking CEO Satya Nadella's first big effort to breathe new life into the software giant's business-productivity tools.

By connecting core software like Microsoft Word and PowerPoint with LinkedIn's network of 433 million professionals, the deal marks a turn for Microsoft, which stumbled in a mobile phone venture launched under Nadella's predecessor. It also aims to take on challengers in several areas.

The deal could help keep services like Outlook email relevant enough that customers won't want to leave it for rivals such as Google's Gmail, analysts said. And because the acquisition brings a network heavy in marketing and sales professionals, it delivers a shot across the bow to competitors in those areas, such as Salesforce (CRM.N) and Marketo (MKTO.O).

For LinkedIn, the opportunity to tap Microsoft's customers, including the 1.2 billion users of its Office suite of business software, could help it jumpstart growth, which has slowed in recent quarters.

"LinkedIn and Microsoft really share a mission" of helping people work more efficiently, said Microsoft CEO Nadella in a conference call with analysts. "There is no better way to realize that mission than to connect the world's professionals."

Nadella has been trying to reinvigorate the once-lumbering company since taking over two years ago, and has helped build more credibility around Microsoft's efforts in areas such as cloud-based services. When he took the top job in February 2014, the company's share price was $34.20; early Monday afternoon, it was trading around $50.

"The Venn diagram is pretty big," Nadella said in a separate call with Reuters, meaning the overlap of customers of both companies, although he didn't give a precise number.

In a presentation to analysts, Microsoft said after adding in LinkedIn, the total potential market size of Microsoft's productivity and business-process segment was $315 billion, up from $200 billion without LinkedIn.

Nadella gave an example of a customer walking into a meeting scheduled on a Microsoft Outlook calendar integrated with LinkedIn, receiving notification that one of the people in the meeting went to college with a colleague.

"The future of productivity is around people, identity and data and the relationships between the them," said Matt McIlwain, a portfolio manager at Madrona Ventures. "Microsoft is buying LinkedIn for the opportunity to leverage these capabilities and combine them with Microsoft's strong but complementary assets in those three areas."

The offer of $196 per share represents a premium of 49.5 percent to LinkedIn's Friday closing price.

MIXED TRACK RECORD

LinkedIn's shares soared 47 percent to $192.42 and Microsoft's shares were down 2.7 percent to $50.06.

Microsoft has a mixed track record when it comes to acquisitions, with past targets such as business network Yammer, internet video conferencing service Skype and particularly phone company Nokia failing to deliver hoped-for benefits.

Monday's deal raised investors' hopes that another social media company, Twitter (TWTR.N), could be the next acquisition target, sending shares up more than 5 percent.

Reid Hoffman, chairman of LinkedIn's board and the company's controlling shareholder, said the deal has his full support.

Jeff Weiner will remain chief executive of LinkedIn, reporting to Nadella. In a phone call with Reuters, Weiner said LinkedIn would remain its own entity in the way that YouTube is relatively independent from parent Alphabet (GOOGL.O), or Instagram from parent Facebook (FB.O).

Microsoft plans to speed-up monetization of LinkedIn by boosting individual and organization subscriptions as well as targeted advertising, it said.

Despite the rich premium paid by Microsoft, LinkedIn is selling for well below its peak of more than $270 per share in 2015. A weak forecast earlier this year sent its shares tumbling amid slowing online ad revenue.

LinkedIn went public in 2011 at $45.

The deal, which won the unanimous support of both boards, is expected to close this year, the companies said.

Microsoft, which has $105.55 billion in cash, said it would issue new debt to fund its acquisition. Moody's said it was reviewing Microsoft AAA rating for a possible downgrade.

After the deal, which will require approval from regulators in the United States, the EU, Canada and Brazil, LinkedIn will become part of Microsoft's productivity and business processes unit, the companies said.

Microsoft's financial adviser was Morgan Stanley and LinkedIn's financial adviser was Allen & Company LLC and Qatalyst Partners, founded by Silicon Valley dealmaker Frank Quattrone.

Microsoft's legal adviser was Thacher & Bartlett LLP and Wilson Sonsini Goodrich & Rosati and Professional Corp advised LinkedIn.

source: www.abs-cbnnews.com

Sunday, November 24, 2013

How to use LinkedIn without riling regulators


CHICAGO - San Diego-based financial adviser Leonard Wright has found a way to boost his exposure on LinkedIn without running afoul of regulators.

To stay within industry compliance boundaries, Wright, a certified public accountant, promotes his role as a cohost of "Financial Fridays," a Las Vegas radio program that helps people increase their financial literacy. His LinkedIn profile avoids direct mention of his 17-year practice.

U.S. regulators restrict investment advisers from certain types of promotion including using testimonials and endorsements, which are among the features available on LinkedIn.

"Issues completely unrelated to your practice have the most traction," says Wright, whose LinkedIn activity offers connections to rebroadcasts of the show, news stories of interest to financial-oriented readers and other useful information.

Wright says building credibility as a financial expert goes a long way toward boosting his name recognition, something that ultimately filters back to his primary role as a financial adviser. And data from at least one broker-dealer firm shows that active participation on the LinkedIn site can have a positive effect on a practice.

"Increased awareness, even when you're not promoting your business, is a very powerful tool," Wright says.

To be sure, many financial advisers wrestle with how to take advantage of LinkedIn — considered the most useful social media platform for professionals focused on business — without making regulatory missteps.

Most broker-dealer firms take a conservative approach, vetting material deployed by advisers in their networks through the use of third-party software that filters content for review and shuts off certain LinkedIn functions. While independent registered investment advisers (RIAs) may have a bit more latitude, they must still follow the rules.



WORK WITHIN BOUNDARIES

Even without celebrity credentials like Wright's to fall back on, regulatory restrictions should not deter advisers from trying to carve out a legally acceptable presence on LinkedIn, says April Rudin, a Fort Lee, New Jersey-based consultant who specializes in digital strategies for the wealth-management industry.

Using LinkedIn can dramatically boost your street cred with targeted audiences, she says.

Use a professional photo and develop a profile that highlights information people can relate to on a personal level along with your work history, including volunteer work, hobbies and alumni associations, advises Rudin. Join discussion groups offered by LinkedIn where you can participate, even if updates are vetted for compliance purposes.

"Stay away from legal (groups), stay away from accounting," Rudin cautions, noting that participation in those areas will accomplish little other than placing an adviser's name in front of audiences filled with competitors.

Instead, if your practice targets entrepreneurs, join groups designed to help startup ventures. If your focus is executives in the energy sector, become active in groups affiliated with clean energy such as wind or solar industries. And commit to updating and sharing information on a regular basis – at least a few times a week.

Do the efforts pay off? While LinkedIn will not replace face-to-face interaction, Morgan Stanley MS.N, for one, has seen evidence that commitment to using the social media site frequently can help a financial adviser's practice.

In a recent poll, some 80 percent of about 4,500 Morgan Stanley advisers participating in the broker-dealer's sponsored LinkedIn program said regular use helped them identify new prospects, says Lauren Boyman, who heads digital strategy for Morgan Stanley.

Seventy percent said LinkedIn positively impacted their relationships with clients. And 29 percent said they converted at least one lead to new business.

"For advisers I think the bar is pretty low," Boyman says, noting that using basic features can make a difference. "They don't need to be doing anything mind-boggling."



UNTAPPED RESOURCES

Paying attention to the right details can make a big difference in a virtual space where users go to conduct business, experts say. In addition to key words, include descriptions of the types of clients and particular industries served, as well as articles and related material you may have authored, says Wayne Breitbarth, a consultant who advises professionals on how to use LinkedIn, and author of "The Power Formula for LinkedIn Success."

Among the most powerful features available to financial advisers using LinkedIn's free basic service is its advanced search capability, a tool that lets users identify contacts within specific industries, geographies and other finely honed parameters, making the old practice of purchasing leads ancient history.

One of Breitbarth's clients, a financial adviser specializing in the agricultural industry, used the search feature to target large family-owned dairy and grain farms; another was able to find top executives within the pharmaceutical industry.

What advisers do with potential leads varies. Sometimes these leads are connected to people already in an adviser's LinkedIn network, and he or she is able to ask an existing connection to make an introduction over the platform or on the phone. Or names can be targeted for marketing in other ways, including special events.

Evan Levine, a financial adviser in the New York City area whose firm is an RIA, has joined LinkedIn groups targeting chief financial officers and other decision-makers involved in pension administration, one of his focus areas.

Levine recently shared with his connections and targeted groups a blog he wrote about the role of fiduciaries. He is also experimenting with a free trial of a paid LinkedIn membership that affords him the ability to connect directly with individuals who are not affiliated with people in his network.

"The more you're active with (LinkedIn), the more you're exposed," he says.

source: www.abs-cbnnews.com

Tuesday, March 13, 2012

LinkedIn reaches 1 million in the Philippines


MANILA, Philippines — True to its moniker as the “social networking capital of the world,” the Philippines once again lent truth to the title as professional social networking service LinkedIn announced that it has reached 1 million Filipino members on the site on Monday.

The Philippines joins other powerhouses in Southeast Asia, such as Indonesia and Singapore, to make up the more than 4 million members of LinkedIn in the region. Indonesia earlier breached the 1 million mark in February.

In total, the social networking site for professionals has a 150 million global user base as of March.

In the Philippines, LinkedIn said the top three industries with the most number of members are in the fields of Information Technology and Services, Education Management, and Accounting.

Meanwhile, the top three employers with the most members on the site are business process outsourcing firms Accenture and Convergys, and Palawan Biodiesel Development Corp.

Most of the members, it added, graduated either from the University of the Philippines, De La Salle University or Ateneo de Manila University, incidentally the top three schools in the country.

“LinkedIn is about connecting the world’s professionals to make them more productive and successful,” said Clifford Rosenberg, managing director of LinkedIn Australia, New Zealand and Southeast Asia, “and this milestone demonstrates that professionals in the Philippines are interested.”

Rosenberg added that LinkedIn has become a venue for most Filipino professionals to “build their online brands,” a fad which has arisen in recent years thanks to the proliferation of various online social networks.

Aside from housing members’ online resume, LinkedIn has evolved in recent years to provide a venue for professionals to share knowledge about the workplace, or discuss pertinent issues relating to their respective industries.

LinkedIn launched its IPO in May 2011 to a skyrocketing stock price of almost $93 at the end of trading day, fueling rumors of yet another Internet bubble as other online companies’ IPOs — Zynga, Groupon and Pandora Media — quickly tanked in the stock market.

On Monday, LinkedIn’s stock price is pegged at $90.67, or double the initial IPO price of $45. The lowest it had gone was around $59 in end-2011, suggesting that the company’s IPO may be one of the most successful among Internet companies last year.

source: interaksyon.com