Less than 2 months after Facebook’s botched IPO, the social media titan seems to “want” to make a comeback and win over investors once again. The company is developing a “want” button, aimed at creating a virtual wish-list for their 900+ million users. Additionally, General Motors, who ended their Facebook paid advertising campaign due to unimpressive results, is in talks to resume their paid advertising campaign worth a reported $10 million annually.
Last week, I had the pleasure of visiting with FOX News and discussed the chance that Facebook is making a return to the credibility it once had.
A few notable points stick out to me:
Development of the “Want” Button: Industry experts have found in Facebook’s sourcecode a new button, titled “want”. This button is comparable to their “like” button that is current, however this time, it gives consumers the ability to express their intention with a product or brand. I like this for Facebook. As I state in the interview, this takes some of the work away from investing in market research, and almost allows companies to have their own research conducted through the social network. Imagine you are a television manufacturer and hundreds of thousands of people click the want button, you will immediately see what type of ROI you can expect to make on this particular product.
Facebook Jobs Board: Facebook is in a very strong position to launch a sort of “jobs board” that would directly compete with LinkedIn, Monster, and CareerBuilder. Consider this: Facebook stated during their IPO that users spend an average of 10.5 billion total minutes per day on the platform. Small businesses (who already have a follower-base on Facebook) can post jobs and disengage from Monster and CareerBuilder, and ultimately save costs from posting on these career websites. Facebook certainly has the reach needed to market this service with over 900+ million global users.
These developments and anticipated announcements all point to a possible Facebook comeback. Already, the firm is more than 20% above their low since having gone public.
The Labor Department announced today that the nation’s unemployment rate for February was 8.9%, down from 9.0% just a month earlier. This is also the lowest it has been in two years. 192,000 jobs were added in the month, mainly all of them coming in the private sector. In an interview with FOX Business last month, Founder and CEO of WebiMax, Kenneth C. Wisnefski, regarded as an industry expert in small business and job growth, stated that “I believe there are companies interested in hiring but are having a difficult time finding people with the specific skill level their looking for”. Wisnefski also stated that “small businesses should find more creative ways of hiring, such as taking candidates and training them to become the type of employees they need. That’s exactly what we’ve done and has been tremendously successful”.
WebiMax, a small business specializing in Search Engine Optimization (SEO) increased their workforce 5% last month, with plans on doubling their size in the next 12 months.
The recent job growth numbers is another positive sign of a rebounding economy, and comes as other significant news broke this month including an increase in consumer spending and strong corporate profits.
The Management Team has stated that WebiMax is seeking to “double our capacity of content developers, develops, online marketing associates, and project managers in 2011.” At WebiMax, “we have experienced tremendous growth over the past few months due to our successful Online Marketing strategies that we implement for our clients”, says Todd Bailey, Vice-President of Online Marketing.
As the United States economy continues to rebound, economists are expecting to see more job growth in the coming months. This is just another positive sign for the bigger picture.
For job candidates looking for helpful hints and tips for finding a job, check out the WebiMax Videos as Wisnefski addresses job growth in several FOX Business interviews.