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LinkedIn shares drop 40%, erasing $10B of company's value

businessinsider.com

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Re: LinkedIn shares drop 40%, erasing $10B of company's value

#81

Post by kin »

jameslk wrote: post #55

Lots of angry sentiment towards this company here. I understand it doesn't necessarily bring this demographic as much value since most here are probably happily employed and don't need it. There's plenty of others who count on a service like LinkedIn, which doesn't have a good comparison (e.g. Twitter to Facebook). Personally, I've found value in it from the potential clients I've received (I'm a contractor) and the…

Same. LinkedIn has helped me find 2 fantastic jobs now (and leads to many other potential ones). Granted, it was through one recruiter of the many that spammed my inbox. But still, that clutter stays on LinkedIn and I only deal with it when I need it.

In another use case I've also used LinkedIn to find service providers. Instead of relying on word of mouth I can vet someone from their work history, endorsements, and recommendations.

So yeah, they have bad practices, but they're not all bad. I do have to say that what they do provide of value is easily replicable and this is probably a great opportunity for anyone who wants to start something.

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#82

Post by ljk »

bnchrch wrote: post #14

Honestly I am feeling a bit of joy watching LinkedIn take a hit. Not because I think their product is terrible but because of the endless spam emails I keep receiving from them, despite how many times I click unsubscribe.

also the "your Lynda trial is about to end! sign up now!" emails they keep sending

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#83

Post by Angostura »

jey wrote: post #73
Angostura wrote: post #65

Earlier quoted context omitted.

They used to give guidance about what 'know' meant and I still adhere to the 'I will only link with you if I have properly worked with you' line. The fact that few other people do have devalued its use.

At some point, LinkedIn changed its mind and decided that you should connect to anyone you're barely acquainted with and/or have exchanged an email with. They're actively encouraging forming these "devalued" links. They even use shady practices like borderline forgery of invitations.

Yes. And I think was a terrible decision.

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#85

Post by aagha »

bnchrch wrote: post #14

Honestly I am feeling a bit of joy watching LinkedIn take a hit. Not because I think their product is terrible but because of the endless spam emails I keep receiving from them, despite how many times I click unsubscribe.

Some parts of their product ARE terrible, like their search. It almost never works. I sometimes have to go to Google to find someone on LinkedIn.

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#86

Post by ralphc »

jonknee wrote: post #45
jldugger wrote: post #15

Not super surprising. The majority of their revenue comes from recruiters, and I expect the majority of paying recruiters are in tech. So any downswing in tech will be substantially felt. Especially for a firm whose earnings are negative, losing growth is bound to be a problem. On a related note, how much of Facebook's mobile revenue is for mobile apps? Should we expect a similar decline as the economy declines furth…

The US is currently adding jobs and adding jobs in tech, their issue is probably competition (LinkedIn is not the only game in town). Mobile revenue was 80% of Facebook's revenue in Q4 2015. Update: after looking at their revenues they might also have some currency troubles, they have far more international revenue than I would have guessed (~38%).

What are the other games, I'd be interested in checking out a (viable) LinkedIn competitor.

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#87

Post by rileyt »

bnchrch wrote: post #14

Honestly I am feeling a bit of joy watching LinkedIn take a hit. Not because I think their product is terrible but because of the endless spam emails I keep receiving from them, despite how many times I click unsubscribe.

I also couldn't be happier watching linkedin fall. I recently deleted my account because of all the spam and creepy things linkedin does and they still send me emails!

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#89

Post by pkaye »

refurb wrote: post #52
jonathanehrlich wrote: post #29

Just another reminder to never ever build your company for Wall street. In 2004, Netflix went from 40 to 2 in 6 months. Amazon from 89 to 5. There are entirely zero competitors to Linkedin right now (FB is nowwhere in the space). And while i agree the product has stagnated a bit - this in my view is another example of Wall Street's insanity. (and no, i don't own any shares :)

No sure I understand. Wall Street had certain expectations of LinkedIn's growth. That was reflected in the stock price. I was incorrect. Q4 earnings were great, it was the fact that LinkedIn released 2016 guidance that was far below market expectations. [LinkedIn released their earnings and they were way below expectations, so the stock took a massive hit.] Does that seem unfair to you?

Has LinkedIn even had any positive EPS yet?

Re: LinkedIn shares drop 40%, erasing $10B of company's value

#90

Post by [deleted] »

jameslk wrote: post #55

Lots of angry sentiment towards this company here. I understand it doesn't necessarily bring this demographic as much value since most here are probably happily employed and don't need it. There's plenty of others who count on a service like LinkedIn, which doesn't have a good comparison (e.g. Twitter to Facebook). Personally, I've found value in it from the potential clients I've received (I'm a contractor) and the…

[deleted]
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