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© jelene

BranchOut has successfully raised $18 million for their business social networking within Facebook. BranchOut business networking came up with the unique idea of using Facebook to help people find suitable jobs. They add people within Facebook and offer jobs. BranchOut is an application within Facebook which enables people to create a professional profile and reach out to companies where they want to apply for jobs. The business networking company has more than 3 million job listings where people can apply.
Facebook is rapidly becoming the most popular business social networking site. LinkedIn has already been a leading business social networking site. Job offers and hiring is a small part of LinkedIn.
But Facebook seems to be the future professional and business social networking site. These days, LinkedIn and Facebook are becoming complimentary tools of business social networking.

© Todd Barnard

A recent survey has found that the popular social networking giant Facebook, had over 7.5 Million US users last year, who were under the age of 13. Out of these almost 5 million were 10 or even younger in age. This is in spite of Facebook's supposedly strict age restrictions that only allow those who are 13 or older to register on the site. The survey clearly shows that Facebook is most popular with pre-teens and teens with a total of 20 million American users who are under 18 years in age.
This survey indicates the blaring holes in the Facebook safety tools. The safety system works on the premise that when someone under the age of 13 tries to register on Facebook, they are prevented from doing so. Furthermore cookies try to stop the person from trying to register again. But there is a basic flaw in the system, it only relies on the children disclosing their real age while trying to sign up.
"This is a tricky issue, and there is no easy solution to make sure that underage children don't lie about their age while signing up," stated Andrew Noyes, Facebook's Manager of Public Policy Communications.

© pseudoplacebo

News Corporation, who bought the website MySpace – social media for around USD 580 million in 2005, sold the troubled website for roughly USD 35 million to Specific Media, an advertising network. Terms of the deal were undisclosed, but News Corporation confirmed that it would retain a minority stake in MySpace.
When MySpace – social media was acquired, it had 20 million unique visitors each month in the United States, which shot up to 70 million quickly. However, the growth did not sustain with rival Facebook surging ahead of the company couple of years ago.
MySpace – social media still has 35 million users per month in the United States, showing that the website has not been completely abandoned. eMarketer, a market research firm, projects that MySpace -social media will earn about USD 183 million worldwide from advertisements this year, as compared to the site's earning of USD 605 million when it was introduced.