Social Networking Watch: News on the Social Networking and Social Media Industry

Jobster Raises Another $7 Million

PAIDCONTENT -- Apr 25 -- Jobster, the money-burning recruitment-meets-social networking service, has raised another $7m, on top of the $48m its previously raised, reports Seattle PI. The latest funding comes from past backers Ignition Partners, Mayfield, Reed Elsevier Ventures and Trinity Ventures. FULL ARTICLE @ WASHINGTON POST

Variety Launches Social Networking Powered By Jobster

NEWSTICKER -- Feb 20 -- Variety, the world's premier source of entertainment news, in association with the online career network, Jobster, launch a social networking site, "The Biz". "The Biz" serves as an online meeting space for media and entertainment professionals to network, pitch products, exchange ideas, and search for jobs among peers and industry experts. FULL ARTICLE @ WELT ONLINE

PlentyofFish Inspires Jobster to Attack the Monster

TECH CRUNCH -- Feb 7 -- Jobster, which has raised nearly $50 million in venture capital, is making a dramatic business model shift starting tonight, by making all job listings free (and much more). Their goal is to do what PlentyOfFish is doing to Match.com. Jobster hopes to make a large dent in Monster's billion dollar a year revenue stream. FULL ARTICLE @ TECH CRUNCH

Mark Brooks: Jobster burned through a lot of money, lost out of Monster and has now laid staff off and gone free. Is 'free,' really the way to go?