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It certainly doesn't hurt. Any new venues to be noticed is one step forward. Only thing is not many people might know that this is happening so its hard to know how many people are going to be noticed. I believe that people should be building relationships on twitter anyways and then leveraging them for jobs.

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Good point - it can be a great way to start a relationship, and then you can leverage that into a job or something else later on. I also agree with the commenter below who adds that it's industry dependent. Tech startups might be more willing to consider a twitter resume than a financial services firm, for example

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