Inside Scoop: Need a job? Try logging on to Facebook. Video

Inside Scoop: Need a job? Try logging on to Facebook. Video Transcript

-Hey everyone. I'm Kara Tsuboi cnet.com. Welcome to the inside scoop. My guest today is Donna Tam, staff writer. And Donna, we're talking about a brand new Facebook feature that was just announced today and that is job searching through Facebook. Tell us a little bit about this. -Right. It's basically an app at Facebook and its partnership with the bunch of other organization have launch to aggregate a bunch of already existing postings from other companies on to one app. So it just provides a central location for jobseekers to go if they wanna look for work. -And this has been talked about for sometime. I mean, obviously Facebook has a lot of users. -Right. -Until it make sense to be able to tap into those millions of millions of users in providing something they really need like a job. -Right. And I think that's the PO for job recruiters that there are just so many people on Facebook. There's a billion users and those job recruiters want to tap in to that potential. And yeah, it's been, it's something they've been working on since they launched their partnership last year just focus on social job recruiting. -So, how does this app work? Have you tried it out? -I've tried it out a little bit. So it's basically you can search by keyword and location and you can plug in a keyword and then pull up a bunch of the open positions available at some place, you know. And it's basically sourced from 5 different recruiting organizations, so it's from their own job listings that they put on there. -Okay. And so the site or the app is now available today. -Uh-hmm. -So we'll see if there's any real concrete jobs that come out. -Right. -But I guess it's too early to tell. What are you thoughts on how this position's Facebook against the competition? For example, LinkedIn another social site-- -Yeah. -And a lot of people used for job searching. -For sure, I mean, LinkedIn is probably, I mean they're definitely watching this I'm sure because this is their bread and butter, being able to connect to people through their social networks to find jobs. This probably-- it's an interesting position for Facebook although the company has been saying that we're not making any money off of this. So they're trying to put themselves away from that and saying that we're not-- they're not trying to get into the space but that remains to be seen. I mean, they could, you know, they could very well jump in to that space in the future. -And it also seems right now with stock roughly half of its value from when it was offered in May. They can't do any harm in trying something new just to drive up traffic and increase added revenue. -Yeah, that's a good point. -So, we'll see. -Yeah. -Thank you so much Donna Tam, staff writer of cnet.com. I'm Kara Tsuboi. Thanks for watching the Inside Scoop.