Jim Townsend
Global economic uncertainty slow down hiring in India
Groupon $13 billion market cap
Nice first-day showing: Groupon opened its first-day trading on NASDAQ Friday (GRPN), bringing in about $700 million in cash for a market cap of nearly $13 billion.
Almost 50 million shares were traded after the opening bell on Wall Street. Opening price was $30 — $10 higher than target. By the end of the day, stock prices had settled at just above $26.
It was the largest IPO in U.S. Internet trading since Google, which raised $1.7 billion in 2004.
The IPO was much talked about by financial pundits who either looked for it to wake up Wall Street or looked for it to lure traders away from other investments with more of a history of doing business. Lots of stories on the Web.
Feds, Facebook in jobs initiative
By Jim Townsend
The U.S. Department of Labor launched an initiative with Facebook to help Americans tap into public resources and government programs intended to help American job-seekers find employment.
What you won’t find on the Department of Labor’s Facebook page — facebook.com/socialjobs — are job listings. Not yet, at least.
The initiative is called Social Jobs Partnership, which also includes as “partners” the National Association of Colleges and Employers, the National Association of State Workforce Agencies and the DirectEmployers Association (the folks behind the controversial, and endangered, top-level “dot-jobs” domain). The Department of Labor said it hoped to bring Twitter into the initiative along with other social-media sites, including LinkedIn. Here’s the L.A. Times’ Continue reading
China’s Sina buys stake in Web-video firm
Alibaba hopes for improved relationship with Yahoo as company targets EBay and Baidu
Onrec UK to focus on mobile, resourcing and more
This year’s Onrec conclave in London is taking a special focus on mobile recruitment, adding IAB’s senior mobile manager Alex Kozloff to the speaker lineup.
The one-day conference and exhibition is Oct. 18 at The Grange Tower Bridge Hotel in London.
Other topics include:
- the challenges of online recruitment for multinational companies, presented by Ruth Spalding, recruitment manager for easyJet;
- the latest best practices for Internet resourcing, presented by Laura Stoker, executive director of global training at AIRS;
- reducing recruitment spending, by Mike Bishop, national resourcing manager for Ricoh UK Ltd.,
- and a panel discussion on regulations concerning the use of social media in the workplace.
The complete lineup is here.
“I always look forward to our conference and exhibition, here in the U.K.,” said David Hurst, CEO of Onrec. “It’s a unique opportunity for discussion and debate about what’s happening and what might happen in online recruitment over the next 12 months.”
This year’s conference and exhibition is sponsored by Jobsite.
The conference costs £350+VAT. More conference details are at www.onrec.com/conferenceuk.
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