LinkedIn Shares Slide on Report of Facebook Job Board
LinkedIn| AFP | Getty Images
The social network is reportedly launching the jobs board later this summer and job postings will be provided by third party service providers, according to a report from the Wall Street Journal , which quoted sources familiar with the matter.
"We don't comment on rumor and speculation," said Andrew Noyes, Facebook's manager of Public Policy Communications.
LinkedIn was down 4.5 percent to $103.88 in mid-morning trading.
Several job-recruiting companies that utilize the Facebook platform, including BranchOut, Jobvite and Work4Labs, will be part of Facebook's jobs board, according to the report.
BranchOut declined to comment on the report. Jobvite and Work4Labs did not immediately respond to request for comment.