PO BAG 1: LinkedIn

13 June 2016

Microsoft to buy networking site LinkedIn for $26.2 billion

In this Nov. 6, 2014, file photo, LinkedIn CEO Jeff Weiner speaks during the company's second annual "Bring In Your Parents Day," at LinkedIn headquarters in Mountain View, Calif. Microsoft said Monday, June 13, 2016, it is buying professional networking service site LinkedIn for about $26.2 billion. LinkedIn, based in Mountain View, Calif., has more than 430 million members.

In a surprise move, Microsoft said Monday that it is buying LinkedIn for about $26.2 billion, a deal that could bring subtle but significant changes for the professional network's more than 430 million members.

LinkedIn will remain an independent unit of Microsoft. It will keep its name, and current CEO Jeff Weiner will stay on and report directly to Microsoft CEO Satya Nadella. LinkedIn lets members network with other professionals, upload their resumes, catch up on career advice and search for jobs.

7 June 2016

Facebook's Mark Zuckerberg loses control of social media

In this Saturday, March 19, 2016, file photo, Facebook CEO Mark Zuckerberg speaks during a panel discussion held as part of the China Development Forum at the Diaoyutai State Guesthouse in Beijing. Zuckerberg briefly found his Twitter account hijacked, as were at least two of his other social media accounts. Zuckerberg's Facebook account and password were not compromised, the company said in a statement; his account on Facebook-owned Instagram was also unaffected. Facebook Inc. said Monday, June 6, 2016, that none of the company's systems or accounts were accessed and that Zuckerberg's affected accounts have since been re-secured.

Facebook founder Mark Zuckerberg briefly found his Twitter account hijacked, as were at least two of his other social media accounts.

Zuckerberg's Facebook account and password were not compromised, the company said in a statement; his account on Facebook-owned Instagram was also unaffected. Facebook Inc. said Monday morning that none of the company's systems or accounts were accessed and that Zuckerberg's affected accounts have since been re-secured.