Social News: Facebook Inc (FB) Pays Bug Hunters, LinkedIn Corp (LNKD) Mobile Job Application, Yelp Inc (YELP) Attracts More Visitors

Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Yelp Inc (NYSE:YELP)

Facebook pays bug hunters $1 million; India second biggest recipient (Economic Times)
Social networking giant Facebook Inc (NASDAQ:FB) said it has paid over USD 1 million in the past two years to security researchers who report bugs on its website, with India second among recipients by country. India, which has over 78 million Facebook users, is also second on the list of countries with the fastest-growing number of recipients of its Bug Bounty programme. A bug is an error or defect in software or hardware that causes a programme to malfunction. It often occurs due to conflicts in software when applications try to run in tandem.

Credit: Facebook Inc (NASDAQ:FB)

LinkedIn lets users apply for jobs on mobile, no resume required (CNET)
Professional social network LinkedIn Corp (NYSE:LNKD) is alleviating some of the headache around the job application process by letting its English-speaking members submit applications from their smartphones without the hassle of attaching a formal resume. The company said Monday that its job-seeking members on iOS and Android will find a new “Apply” button in the latest version of the LinkedIn application. People who choose the mobile option will be guided through a short process that prompts them to review and update their professional social-networking profile. LinkedIn Corp (NYSE:LNKD) will then deliver the pseudo application, with the profile standing in for a more traditional resume, to the employer in question.

Yelp narrows 2Q loss, raises sales view for year (Las Vegas Sun)
Yelp Inc (NYSE:YELP) narrowed its second-quarter loss as it attracted more reviews and visitors, and website raised its sales forecast for the year Wednesday. The quarter’s loss was smaller and revenue growth was bigger than analysts had expected. Yelp shares gained more than 5 percent in after-hours trading. Yelp Inc (NYSE:YELP) is getting clicks, helping it increase its ad sales. It drew 108 million unique visitors per month in the second quarter, a 38 percent increase from a year earlier. It’s also adding content, with 42.5 million total reviews, up 41 percent from a year ago.

Social Climbers: Facebook, LinkedIn, Yelp (CNBC)

Facebook names first CMO: Will he have tech spend? (ZDNet)
Facebook Inc (NASDAQ:FB) has hired its first chief marketing officer, Gary Briggs, a Google veteran. Briggs led Motorola Mobility’s marketing efforts for Google and before that gig marketed Chrome, Google+ and the search giant’s overall brand. The hiring of Briggs, detailed in AdAge, recasts the marketing function at Facebook Inc (NASDAQ:FB). AdAge noted that Briggs will lead branding and marketing efforts for users, developers and potential customers as well as lead product, platform and brand marketing, events, communication and content.