The Peak Daily Still friends 🇺🇸 — Ghost listings flood LinkedIn. Float is floating higher after its latest raise.
Jan 14, 2025
The rise of ghost job listings on LinkedIn raises pressing transparency issues in Canada. Meanwhile, the fintech startup Float secures funding, reflecting the changing banking needs of small businesses. The podcast also dives into the automotive market, detailing the shifting dynamics between new and used car sales during inventory shortages. Experts predict a recovery in new car sales by 2025, alongside continued growth in the used car segment, despite ongoing economic uncertainties.
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Ghost Jobs on LinkedIn
- Ghost jobs, or fake job postings, are flooding LinkedIn, impacting one in five listings.
- This practice frustrates job seekers, especially in competitive markets like Canada.
Float's Funding Round
- Canadian fintech startup Float secured $70 million in funding, reaching a $200 million valuation.
- Float provides banking services to small and medium businesses (SMBs).
SMBs Seek Alternative Banking
- Many SMBs feel underserved by traditional banks, creating demand for alternative banking services.
- A Float survey revealed that over half of Canadian SMBs feel their banks don't understand their business needs.