I’ve been overwhelmed by the response to my prediction that Facebook will destroy LinkedIn. The debate has continued on the article’s comments page, on Twitter, and on the Recruiting Animal radio show.
I’d like to address some of the many good points made on both sides of the issue.
In the comments at ERE.net, Martin Snyder wrote “For my part, I don’t think social is in the DNA of LinkedIn (or they could have BEEN Facebook)” and concludes that “Products and services that enable that evolution will thrive, and recruiting, or the act of hooking up people and opportunity, will be more and more central to everything.”
I agree. Facebook combines social interactions, openness to third-party apps, and brand engagement to create a very compelling environment for recruiters. LinkedIn has many of the same capabilities, but little apparent willingness to innovate.
Which leads me to my next point. Andy Headworth of Sirona Consulting, who calls my post “utter rubbish,” pointed out that “BeKnown didn't choose to bypass LinkedIn; it had its API access revoked by LinkedIn because they were trying to use the valuable LinkedIn data to populate the BeKnown personal profiles via Facebook.”
So LinkedIn wasn’t just bypassed by Monster, it actively chased Monster away? That’s a perfect example of LinkedIn’s lack of vision. That decision to cede an innovation to not just one but two rivals may go down in corporate history alongside Borders’ decision in 2001 to let Amazon handle the store’s online book business. Ten years later, who came out on top?
Even recruiters who don’t agree with my prediction that LinkedIn will be irrelevant by the end of 2013 still see that the professional site is in trouble.
In an article titled “Why Facebook Will Not Destroy LinkedIn,” LatinOcean founder Jorge Albinagorta wrote, “I am not saying it will never happen; rather I am arguing that the social links – which can nurture professional links (e.g. I want to work at Adidas ‘cause I love the brand, and my cousin tells me training for salespeople is great) – are at this stage a huge haystack to look for needles.” He goes on to add, “I am looking forward to seeing a network, environment, app, etc. giving LinkedIn a run for its money.”
On the lively and entertaining Recruiting Animal show, I was challenged about numbers. “Animal” suggested that many of Facebook’s 750 million users weren’t of working age or lived outside the US. Let’s take a closer look.
According to CheckFacebook.com, a daily tracker for the social network, 153 million users are in the United States. LinkedIn states that 60 million of its members are US residents. So Facebook provides an American audience more than two and half times as large as LinkedIn.
According to the Pew Research Center, more than 24 million American Facebook users are between the ages of 18-22, the demographic either thinking about internships or summer jobs, or about to enter the workforce. The same study says 3.6 million American LinkedIn users are between the ages of 18-22. Facebook wins by a margin of more than six to one.
Factor in the National Association of Colleges and Employers survey of 20,000 graduating seniors. Ninety-one percent had Facebook pages; only 32% had LinkedIn pages. How will LinkedIn capture that other 59% as they enter the job market? What is LinkedIn doing to appeal to them? If they do nothing, won’t those grads just stay on Facebook and conduct their job searches from there?
As bleak a picture as I’ve painted, however, many think LinkedIn still has a chance. Fellow ERE.net blogger Ernest Feiteira wrote that “[Facebook] is not LinkedIn’s real competitor. BranchOut or BeKnown are. If LinkedIn realizes this too and they launch an app on FB, LinkedIn will wipe out BranchOut, BeKnown and other LinkedIn clones.”
Is LinkedIn up to the challenge? Will Facebook let its opportunity slip away? Can Google+ change the game? The conversation continues.