Social Media

LinkedIn Pays $13 Million Over Pestering Members' Contacts

LinkedIn Corp. agreed to pay $13 million to settle a class-action lawsuit over sending email solicitations to its members contacts without permission. Social networking manners apply even to social networking companies, it seems.

Twitter to Slash 8% of its Workforce

The social-media giant said Tuesday morning it will reduce its workforce by about 336 employees, or 8%. The decision pushed shares of the company up about 2% in pre-market trade.