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posted by martyb on Thursday May 10 2018, @06:38AM   Printer-friendly [Skip to comment(s)]
from the plan-to-expand-to-glass-ceilings dept.

Japan's Recruit Buys Jobs Website Glassdoor for $1.2 Billion

Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the U.S. website's extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its push into non-U.S. markets. Recruit shares rose as much as 3 percent in Tokyo.

[...] Glassdoor runs the second-largest job website in the U.S. and is known for hosting anonymous employee reviews about the culture and management of their companies. Glassdoor was taking steps earlier this year toward an initial public offering and was said to be interviewing banks for a market debut in 2018.

Also at TechCrunch.


Original Submission

Related Stories

Startup Behind Banned Anonymous Messaging App Launches a New App for Anonymous Workplace Feedback 23 comments

After bans from Apple and Google, Sarahah debuts Enoff, an iOS app for anonymous feedback at work

Sarahah, the anonymous messaging app founded in Saudi Arabia that became an unexpected viral sensation with teens, clocking up over 300 million registered users before getting banned by Apple and Google over bullying, is making a return to the App Store — but not as you might think.

The startup has launched a new, free iOS app called Enoff (pronounced "enough") aimed at organizations, tapping into the wave of employee activism and speaking out about unfair practices to provide a way for people in a team to give anonymous, one-way feedback to bosses and human resources reps. An Android version of Enoff is coming "very soon," according to CEO and founder Zain al-Alabdin Tawfiq.

Available also on the web, the aim is to provide a way to give feedback in cases of harassment, corruption and other tricky workplace situations where employees might fear repercussions for speaking out.

Easy way to monetize app: allow bosses to pay to unmask users.

Also at Wired.

Previously: Hit App Sarahah Quietly Uploads Your Address Book

Related: Anonymous Social App Raises Controversy on College Campuses
Square Hires Yik Yak's Engineers, Leaving Fewer Than 10 Employees Behind
Japan's Recruit Holdings Co. Acquires Glassdoor for $1.2 Billion


Original Submission

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  • (Score: -1, Offtopic) by Anonymous Coward on Thursday May 10 2018, @06:50AM

    by Anonymous Coward on Thursday May 10 2018, @06:50AM (#677767)

    This is great news. What the heck is Glassdoor, and who is Recruit Holdings? Could we have not had a nice aristarchus submission instead? Something about the vacuity of the conservatives in America? That would be nice. And, it might actually cause some comments. This trend of 3 or 4 comments per fine article only points out our editorial incompetence. Better articles, ones that humans and not just corporations (and Paul Ryan) would care about. It is possible. It is the dream that was SoylentNews!

  • (Score: 2) by Bot on Thursday May 10 2018, @08:00AM (5 children)

    by Bot (3902) on Thursday May 10 2018, @08:00AM (#677769) Journal

    >for $1.2 billion in cash

    --
    Account abandoned.
    • (Score: 2) by MostCynical on Thursday May 10 2018, @08:27AM (3 children)

      by MostCynical (2589) on Thursday May 10 2018, @08:27AM (#677771) Journal

      Nope: information brokers

      --
      "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
      • (Score: 2) by aiwarrior on Thursday May 10 2018, @11:25AM (2 children)

        by aiwarrior (1812) on Thursday May 10 2018, @11:25AM (#677791) Journal

        I honestly have a huge difficulty in understanding how a company that provides a "nice to have" service at most can be valued in the billions. One day the bubble is going to pop and it will not be pretty.

        • (Score: 2) by MostCynical on Thursday May 10 2018, @11:49AM (1 child)

          by MostCynical (2589) on Thursday May 10 2018, @11:49AM (#677795) Journal

          Not while people are compelled to, or even just voluntarily, give data away, or while advertising keeps working.

          --
          "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
          • (Score: 2) by aiwarrior on Thursday May 10 2018, @08:10PM

            by aiwarrior (1812) on Thursday May 10 2018, @08:10PM (#678087) Journal

            This is besides the point. The point is, can they monetize and turn a profit? I think these companies hang around as long and then just collapse. Am i wrong?

    • (Score: 2) by realDonaldTrump on Thursday May 10 2018, @12:09PM

      by realDonaldTrump (6614) on Thursday May 10 2018, @12:09PM (#677801) Homepage Journal

      They say cash, they don't mean boxes of cash like if someone was buying a condo (I love cash buyers!). Could be a check, could be electronic. The electronic banking. They mean it wasn't stock. Because in a lot of these mergers a company buys another company with stock.

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