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Posts Tagged ‘Riley McDermid’

Here are the most popular Bay Area unicorns to work for, ranked by job searches

The Bay Area is still a prime destination for top tech talent — but one of its biggest draws remains the region’s marquee-name “unicorn” companies, new jobs data suggests.

Data on job searches from employment search site Indeed.com show that Bay Area tech unicorns are a huge draw for workers looking to make a move up the ladder locally. Crunching searches in the U.S. from 2014 through October 2016, Indeed calculated each U.S. tech unicorn’s share of total job searches in the country on a monthly basis.

The fact that some of these companies (known as unicorns because they are still privately held despite having a valuation of at least $1 billion) wasn’t surprising to the author of the report.

“The tech unicorns have captured the popular imagination as being superstar companies and they are sort of the poster children of the tech industry,” Indeed Economist Daniel Culbertson told the Business Times.

The Indeed data also showed that job searches corresponded closely with how well a company appears to be doing. Thus, searches for companies that appear to be less popular or faltering saw less interest, while “hot” companies saw an uptick.

“Pinterest and Vice Media have not had as a high profile recently and job seeker activity is often closely connected to how well-known a company is at a given time and how much hype they are generating,” Culbertson said. That type of buzz has made sought-after companies like Uber and Airbnb perennial favorites with local job seekers, and has even sparked interest in unicorns in Southern California.

“Uber is far and above more popular with job seekers than the other companies because the company employs so many as drivers. Job seekers searching for Uber are looking for both corporate and driving jobs,” Culbertson said. “Then between Elon Musk’s public profile and the idea of commercial space travel, SpaceX has built a lot of notoriety. And if we look at how much Snapchat has grown over the past year, we know that it has been in the news much more.”

Check out our graphic above for info on just how popular each local unicorn is with job seekers.

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Twitter shares surge on report of possible takeover

 

Shares of social media platform Twitter surged more than 20 percent in morning trading Friday on reports that the company will soon receive a formal bid from a high-profile suitor, according to CNBC.

Possible contenders for the acquisition of San Francisco-based Twitter include Salesforce, Google and other high-profile tech names interested in the data it’s collected.

“Twitter’s board of directors is said to be largely desirous of a deal, according to people close to the situation, but no sale is imminent,” CNBC reported Friday.

“One source close to the conversations said that they are picking up momentum and could result in a deal before year-end.”

Requests for comment by the Business Times from Twitter, Google and Salesforce were not returned Friday.

At the end of July, slowing advertiser demand and a weakened revenue forecast walloped Twitter, pushing its share price down as the company scrambled to reassure investors it was on the right path.

Twitter recently ratcheted down its revenue guidance to a range of $590 million to $610 million in the third quarter, a significant drop from the $681.4 million analysts had expected. More importantly, Twitter said it had “less overall advertiser demand than expected,” as brands decided not to invest in the platform, adding to ongoing concern about how it will continue to make money.

On an earnings call Tuesday, CEO Jack Dorsey, CFO Anthony Noto and COO Anthony Bain said they are confident Twitter can continue to attract new users. Twitter is hoping new live video deals will lure in more users, and with them, advertising dollars.

Video streaming is part of a suite of new features rolled out by the company in recent months, including tools to allow users to create polls, make political donations and post photos or videos without affecting the 140-character count of tweets.

Twitter also has introduced the ability to buy products and services via a one-step button.

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