In a "flash mob," hundreds of people invade a public space to do something in unison. But a "cash mob" adds a mission to that idea. All over the country, crowds of people are being organized on social media sites to invade mom-and-pop stores at a specific day and time to spend money locally.
As social media grows, hiring managers have started to screen Facebook and Twitter accounts, as well as running criminal background checks for potential employees. Some employers are asking applicants to hand over Facebook passwords as well.
Lawmakers in the House are expected to vote on a jobs act Tuesday. Part of the legislation would allow the public to make investments in start-up companies and small businesses. These companies could raise money online or through social networks. The bill would lift SEC regulations that restrict soliciting investors.
These days, hotels aren't just looking to hire bellhops, concierges and housekeepers. What the industry really needs are "knowledge workers" who understand how to use social media and new technologies to track — and attract — potential guests and boost revenue.
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