Daily Archives: May 1, 2013

LinkedIn has long been seen as the ugly duckling of social networks, but now it’s starting to preen its feathers. The site is now allowing users to add photos, presentations and graphics to their profiles, creating a “unique professional story” that is rather more glamorous than just a few lines of text.

“Will the resume be displaced?” is how LinkedIn bills the feature. It is trying to do for the CV what Facebook once did for the college yearbook. There’s no particular reason why someone’s career should appear online as it would on a printed page. 

The rise of the chat apps continues. Japan’s Line now has 150m registered users, up from 100m at the beginning of this year, Asahi reports. That’s pretty impressive growth.

The volume of messages sent using apps such as Line, Tencent’s Wechat and Apple’s iMessage have already outstripped traditional texting at the end last year, and will double the volume of SMS by the end of the year. Whatsapp, which says it has 200m monthly active users, is as big as Twitter. 

Wall Street is anticipating another positive earnings report from Facebook after markets close on Wednesday and the social network states first quarter results.

Analysts expect to see a bump in revenues from advertising products launched last year, and hope to hear plans for future ad products, in particular, video advertising and ad plans for Facebook Home, the new super app Facebook launched for Android phones in April.

Though business in the first quarter tends to slow compared to the preceding quarter, which included the holidays and the US presidential election, analysts are expecting 36 per cent revenue growth year on year. Consensus estimates are for 13 cents in earnings per share on $1.44bn in revenue. Morgan Stanley predicts mobile advertising revenues will be $314m for the quarter, representing 25 per cent of overall advertising revenues, up from 23 per cent in the last quarter.