LinkedIn looking more like Facebook with ‘Stories’ update
LinkedIn, the business social network, will look more and more like Facebook.
LinkedIn, which has 700 million members, redesigned its website, introducing “Stories,” ephemeral posts first popularized by Snapchat, then exploited by Facebook and its Instagram.
The changes, which begin rolling out Thurday, come as the business network, which once was just a place where people posted their resumes and looked for connections to network, has evolved into a more robust social network of people who use it for more than just jobseeking, according to the company.
“We’re seeing people share more and comment more,” said Kiran Prasad, LinkedIn vice president of product, who added that users seek “a stronger sense of community on the platform.” He called the evolution a “rebirth of LinkedIn as a social network where people want to form community and conversations.”
For Stories, LinkedIn CEO Ryan Roslansky concedes on a company blog post that they’re not new, “but we took the time to understand how stories fit in the professional context,” and found that in the COVID-19 world, the 24-hour
update “lets us replace the water cooler
much savings, and that's why (you) are moving home,” says Bobbi Rebell, a certified financial planner at Tally whose 20-year-old son moved back in from college in March.
Her 23-year-old daughter also is living at home while working and saving money.
“It's really not their fault,” Rebell says. But navigating the financial, and emotional, highs and lows of these relationships can take some finesse.
Here are tips from financial experts and families on how to manage:
Don’t lose sight of long-term goals
Parents who help their adult children are also getting closer to retirement and may be making some trade-offs – like skimping on their own savings – to help out. Before taking that step, make sure to weigh the costs and long-term impact, says Chantel Bonneau, a wealth management advisor at Northwestern Mutual.
“If you're giving up a 401(k) match to send your kids money, be clear on what the real cost is,” Bonneau says. “If you're not paying down a credit card balance that has a high interest rate, then that should be taken into consideration. Make sure to assess all of the information so you clearly weigh your best options.”