Finding A Job Trumps MySpace

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By Douglas A. McIntyre Updated Published

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In a world where thousands of US workers lose their jobs everyday, chatting and sharing personal feelings with friends is getting run over by the need to find employment.

According to online research firm HitWise, “For the first time in three years, searches for ‘craigslist’ surpassed ‘myspace,’ highlighting the increasing popularity of online classifieds during the economic downturn.”

The reason for the news is obvious. People are looking for work. The trend represented by the second part of the data may not be so plain. Social networking may hold less attraction for participants as the recession deepens. It takes up precious time.

The first drawback to social networking in the current environment is that people who have lost jobs have to put that on their MySpace or Facebook pages or, alternatively, they can deceive their “friends”. The etiquette rules of social networking include that lying about one’s personal life debases the honesty that is supposed to be one of the foundations of the system’s openness.

The other trouble that social networking may face is that many people view it at a hobby at best and a frivolous waste of time at worst. Being frivolous is not a part of the new recession ethos. This is serious business. Online friends are not, in most cases, hiring their pals. Its time to spend the day on Monster.com.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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