Social News: Facebook Inc (FB)’s Mobile Payment, LinkedIn Corp (LNKD) Jobs on Phone, Yelp Inc (YELP) & ALEC

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

Facebook Inc. (FB)Facebook to test mobile payment feature (BBC)
Facebook Inc (NASDAQ:FB), the world’s largest social networking company, is planning to test a new mobile payment feature. It will use payment details added by users to their Facebook account to automatically fill in forms when they make purchases on mobile applications. Various companies have been looking to tap into mobile payments markets. However, Facebook Inc (NASDAQ:FB) said the feature would not involve moving the payment processing away from an app’s current service provider.

Use LinkedIn to apply for jobs from your phone (CBS NEws Watch)
Applying for your next job just got a little easier thanks to a new feature at LinkedIn Corp (NYSE:LNKD). You probably already browse for positions and interact with other members of the professional networking service using your phone’s LinkedIn app. That’s about as far as you could go, though — the mobile app didn’t make it easy to actually apply for open positions. Now, the latest LinkedIn Corp (NYSE:LNKD) update lets you apply for jobs from your mobile phone.

ALEC Joined Yelp, and This is What Happened (Policymic)
The American Legislative Exchange Council recently joined Yelp Inc (NYSE:YELP) and what in sued was pure hatred. Known for its conservative tendencies in promoting a free market economy and limited government, the ALEC has been the center of many controversies. They have made the stand your ground law a centerpiece of their beliefs and promote tighter voter ID laws. Another controversial action was its bill called the Animal and Ecological Terrorism Act, which classifies any “civil disobedience” by animal or environmental activists as terrorism. The group is widely criticized for its extreme views. The ALEC is known for is strong ties to corporations. It holds conferences where model legalisation focusing on pressing issues of corporations is debated and drawn up.

Facebook use ‘makes people feel worse about themselves’ (BBC)
Checking Facebook Inc (NASDAQ:FB) made people feel worse about both issues, and the more they browsed, the worse they felt, the University of Michigan research said. The study, which tracked participants for two weeks, adds to a growing body of research saying Facebook can have negative psychological consequences. Facebook has more than a billion members and half log in daily.

Is LinkedIn cheating employers and job applicants? (Smart Planet)
The evolution of traditional job boards and newspaper advertisements to Internet-based agencies and emailed resumes isn’t without its criticism. When job seekers can buy their position in the virtual resume stack, it’s no longer simply about being the best candidate for the job. Nick Corcodilos, a headhunter from Silicon Valley, discussed this idea in an interview with PBS — focusing on LinkedIn Corp (NYSE:LNKD), where employers and employees create profiles and connect online.