Facebook (FB) is quickly transforming its platform to include more than keeping up with friends and family. In just the past few months the social media company has made it easy for users to post things for sale (You hear that, Craigslist?), communicate with co-workers and work teams, purchase tickets to movies or events and find local events in their communities.
Well, here's one more feature for the Facebook platform: Finding a job.
Facebook has confirmed that it's working on recruiting features for its business users. If that's the case, it could be a big red flag for LinkedIn (LNKD) , soon to be bought by Microsoft (MSFT) in a $26.2 billion deal.
So if Facebook is going to make a push against LinkedIn's business and market share, Microsoft may have to flex its financial and creative muscles in response.
Not to say that Facebook will overthrow LinkedIn by any means, because of LinkedIn's ability to allow users to have a professional profile. However, Facebook's huge user base could give it an advantage in future.
Shares of Facebook closed at $124.22 Tuesday, up 1.7%.
More on Facebook: It is being sued by a group of users because of the company's ability to send ads to users based on "ethnic affinity."
Facebook has said it will fight the lawsuit, which it said is "utterly without merit." The company also had this to say:
"We believe that multicultural advertising should be a tool for empowerment. We take a strong stand against advertisers misusing our platform: our policies prohibit using our targeting options to discriminate, and they require compliance with the law."
It's unclear what Facebook plans to do next. The company's head of multicultural, Christian Martinez, explained that companies offering "multichannel advertising options" are more relevant to some minorities, who may not fit in with the majority target for advertisers.
The Apple (AAPL) tax battle is set to begin, with Ireland's finance minister, Michael Noonan, looking to fight the European Union's record-setting ruling against Apple. The EU hit Apple a $14.4 billion bill.
This battle over taxes and tax rates will easily last years.
The EU has investigated the taxes paid by U.S. companies, particularly those in tech. Be it based on taxes, incentives or antitrust concerns. Apple and Alphabet (GOOGL) have taken the brunt of those probes, but there are certainly many others, including Amazon (AMZN) and Facebook.
In Apple's case, Ireland loves having the company working within its borders and wants to keep that tax relationship going without EU interference.
Shares of Apple closed at $111.06 Tuesday, up 0.6%.