With the announcement that Facebook is going to offer a job board, we are witnessing the company’s inevitable capitulation to pressure to deliver financial results after a disappointing IPO.Despite a well-deserved reputation for doing things the Zuckerberg way, Facebook is a public company now and must bow to investor pressure in order to justify its (still-high) valuation. Starting a job board is comparatively low-hanging fruit, and we should expect more such offerings in the future as it strives to develop new revenue streams.As job boards go, Facebook’s strength lies in numbers. With hundreds of millions of users, some ads are bound to hit targets. By the way, this is how we know this effort is a cave-in to financial pressure. If it weren’t caving, it would offer something new. Instead, it’s producing a rehash of existing business models.
Facebook hasn’t invented better targeting, improved matching, or even a prettier display. It claims to be able to deliver masses of eyeballs to advertisers and little else — a claim that many have not found to be true given the low click-through rates on ads. Eventually, it may develop better targeting and better matching, but to do so, it’ll need more information from you. And, despite outcries for privacy, you will continue to hand it your private information in exchange for this “free” platform, complaining all the while. This is Facebook’s business model. Get used to it or get off of Facebook. keep reading…




