Facebook: a powerful social network in the labour market too

Facebook Inc Update

“Everything we do is microscopically examined,” reads a review on the employee feedback website Glassdoor. This rating was placed in the “Disadvantages” section of entries from Facebook workers who rated overall satisfaction with a maximum of 5 stars.

Facebook has been suffering for the last few weeks Departure Some of the most senior bosses, including Chief Technology Officer and Advertising Officer. They tracked a series of investigative reports showing that the company is struggling to enforce rules on inappropriate content.

Fallout can look serious, even for companies that constantly avoid bad headlines. Nick Clegg, a former British Politico who is currently publicizing Facebook, even took him to Twitter to complain about the press. Still, advertisers and investors shrugged. Facebook earnings and stock prices continue to skyrocket.

This suggests that many skilled staff are very pleased as soldiers in companies such as Facebook, but a seemingly endless series of negative stories rattles the cages of several bosses. ..

According to Securities Filing, the median Facebook employee earns $ 263,000 juicy annually. At first glance, it may look like a smartphone app and website, but the group’s technology and software “stack” is as sophisticated as any other company. Incredible profits provided a huge R & D budget.

Therefore, Facebook is not only a high-paying payer, but also a place where the smartest engineers can develop themselves with the full support of their boss, Mark Zuckerberg, who dreams of being an engineer. I have. At times, there was employee activity on a variety of topics. But luxury rewards, resources, and clever colleagues continue to stock talented cupboards.

Efforts to dismantle Big Tech have focused on market power and the ability to crush innovators and disruptors. Lately, the network effect has become part of the debate. For now, the focus is on how these are used among customers. Scholars and, by extension, regulators need to begin researching the subtle network effects that make Silicon Valley’s business so powerful in the technology labor market.

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