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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

#161

Post by bduerst »

financedfuture wrote: post #77
tptacek wrote: post #7

Earlier quoted context omitted.

https://hn.algolia.com/?query=bubble%20burst&sort=byDate&pre...

Instead of using an ignorant sarcasm, take a look at facts and formulate an argument: http://etfdb.com/etfdb-category/technology-equities/ http://venturebeat.com/2016/01/18/there-are-now-229-unicorn-... http://www.bloomberg.com/research/sectorandindustry/industri... http://www.bloomberg.com/research/sectorandindustry/industri...

The fact is that LinkedIn isn't a "Unicorn" startup, which is kind of their point of the overuse of tech bubble.

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

#163

Post by danso »

Angostura wrote: post #69
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…

The angry sentiment isn't because people don't see potential value. It's because they do see the value - and how the company keeps spoiling what could be a good user experience.

You said exactly what I had surmised. I don't use LinkedIn, and don't even really get spammed by it...but it's the one service that I don't use that I completely believe has a viable and valuable product. That it is facing such uncertainty is just baffling to me.

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

#164

Post by gist »

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.

> LinkedIn changed its mind and decided that you should connect to anyone you're barely acquainted with

This was all in the interest of keeping the numbers going up which is obvious. And that's fine if that is your business model. But the business model here seems to be showing growth for the sake of wall street as opposed to growing the business in a meaningful manner.

Linkedin does serve a purpose it allows people to humble brag which is helpful even if they aren't looking for a job and don't need the connections because, say they own a business (and I don't mean a startup but it could be that as well). It's become an acceptable way to show where you went to school, what you have done in the past, and where you work or what you are the owner of. There really aren't that many other ways you can do that w/o appearing to be actually bragging and trying to impress someone (meaning it's not the same as having a personal website or even pointing people to a link "about me" page on your business website or a wikipedia page.

What's amazing is that they apparently don't want to filter the bogus requests as opposed to merely the requests that are from legitimate people (not bots) and simply trying to build what appears to be a network.

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

#166

Post by gist »

wstrange wrote: post #72
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.

Email from my 88 year old Father: "I am on linkined now. What do I do?"

I think this is actually dangerous for any older and/or not web saavy person. It's a point of entry for identity theft the reason I don't even want my mother to do online banking actually. I can't police her desktop to my liking and I am afraid that somehow someway her having online access could result in countless problems.

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

#168

Post by vlunkr »

gohrt wrote: post #137
vlunkr wrote: post #115

Earlier quoted context omitted.

To me it looks like a wasteland of recruiters. I used to think it was neat when some recruiter would contact me about a job, but now I realize they are just spamming everyone with (your framework here) listed in their skills. The over-saturation of recruiters, connections with everyone you even slightly know, and people endorsing you for skills they don't know you have has made it all meaningless.

If you were an outsider in need of a job, you'd appreciate the recruiter spam.

But I don't feel like any of it is authentic. Submitting my resume directly to the company would probably accomplish the same thing.

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

#169

Post by nileshtrivedi »

gohrt wrote: post #137
vlunkr wrote: post #115

Earlier quoted context omitted.

To me it looks like a wasteland of recruiters. I used to think it was neat when some recruiter would contact me about a job, but now I realize they are just spamming everyone with (your framework here) listed in their skills. The over-saturation of recruiters, connections with everyone you even slightly know, and people endorsing you for skills they don't know you have has made it all meaningless.

If you were an outsider in need of a job, you'd appreciate the recruiter spam.

Now only if LinkedIn had made it recruiters' emails an opt-in.

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

#170

Post by mcintyre1994 »

ChuckMcM wrote: post #155

Startup CEOs are getting pretty young these days, has your niece been hitting you up for a seed round? I'm thinking an App that is Uber for Lemonade Stands, people in the neighborhood just press the "I'm thirsty" button and one of her "mixologists" nearby makes a lemonade and brings it by. She doesn't make the lemonade or sell it, she is all about connecting thirsty people to industrious people who are putting their…

All about stockpiling money for the self-juicing lemon revolution!
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