linkedin

Hannah Kuchler

The one big US social network not blocked in China launches its new site there in beta today – as part of a Chinese push previously reported by the Financial TimesRead more

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. Read more

Tim Bradshaw

Reid Hoffman, partner at Greylock, founder of LinkedIn and an early Facebook investor, is still “bullish” on the world’s biggest social network – but even he wouldn’t buy Facebook shares right now. Read more

LinkedIn acknowledged a security breach of its password databases after Russian hackers claimed to have obtained almost 6.5m user passwords.

The professional social networking site confirmed in a blog post on Wednesday that “some of the passwords that were compromised correspond to LinkedIn accounts.” Read more

The start-up of You: Adapt to the Future, Invest in Yourself and Transform your Career, by Reid Hoffman and Ben Casnocha, Crown Business/Random House Business Books, $26/£12.99

Has a mastery of social networking become a prerequisite for a successful working life? If “friending” and tweeting are now essential skills for the professional classes, where does that leave the chronically network-challenged? And how do you get into the networks where the power-players hang out?

 Read more

US regulators charged a financial adviser with trying to sell $500bn-worth of fraudulent securities on LinkedIn, and issued an alert warning investors of a growing number of social media schemes.

The Securities and Exchange Commission also called on investment advisory firms to bring their anti-fraud monitoring systems up to date with the evolutions in online communication.

The actions signal a determination of the SEC to pursue fraud on social media sites, and raise the stakes among the many investment firms who have been struggling to find the right technology to track their staff’s social network activity and comply with federal laws. Read more

Tech news from around the web:

Research In Motion has run into a problem over its BBX operating system – the blending of its QNX and existing BlackBerry software, PaidContent reports. Basis International, which makes software-development tools, has sent a cease and desist letter and a threat of further legal action to RIM on the basis that the new operating system’s name is too similar to Basis’s flagship product, BBx. Read more

Richard Waters

There has been no shortage of players from the private secondary markets basking in the reflected glory from the LinkedIn IPO. But by itself, one successful deal does not prove the markets are working effectively, and there are still plenty of reasons to be cautious. Read more

LinkedIn shares hit $92.99 as trading opened before settling to $84.43, a 87.6 per cent increase, after its initial public offering on the New York Stock Exchange on Thursday.

The professional social network sold 7.84m shares for $45 each, according to a company statement on Wednesday.

 Read more

Richard Waters

There’s no doubt about it: Wall Street is ready to pay up for growth. Even when compared to the heady price Microsoft has just agreed to pay for Skype, the LinkedIn deal looks rich. But this kind of growth is a rare commodity in the public market these days. Read more