LinkedIn shares drop 40%, erasing $10B of company's value • Hacker News Board

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

#171

Post by zepto » Fri, Feb 05, 2016, 6:06 PM UTC

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…

This is Stockholm syndrome writ large.

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

#172

Post by wslh » Fri, Feb 05, 2016, 6:06 PM UTC

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 am completely happy with this. LinkedIn is showing off as a site to facilitate businesses while indeed is a service for recruiters. Some examples, posting original stuff to groups with thousands of members and not receiving a single comment or click to some link. Very basic bugs in their mobile offering that makes you think nobody cares about developing a good one or it was developed by a freelancer on vacation. The worst is not innovating (yes, like Tinder!) to match businesses: if after years all they have to offer is sending an In-Mail or contact someone through a middleman we are lost.

And... I can't forget the fake invitations I receive every week with fake photos that I detect searching on Google images by an image.

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

#173

Post by aabajian » Fri, Feb 05, 2016, 6:08 PM UTC

"It projected full-year revenues at $3.6 billion to $3.65 billion, versus $3.9 billion expected."

Call me naive, but where has that $3.6 billion been going? I realize they just released a new app (which is pretty nice), but that seems like an incredible amount of money for a company whose main business is a cloud application.

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

#174

Post by VeilEm » Fri, Feb 05, 2016, 6:08 PM UTC

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 ended up deleting my LinkedIn account with hundreds of connections and recreating it with an email I use for spam. I haven't worried about linkedin emails since. Another recommendation I have: when you go on the job hunt, create an email just for that job hunt. Once you get the job, throw that email away. Next time you get a job, make a new email address. Your recruiter spam will stop.

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

#175

Post by gergles » Fri, Feb 05, 2016, 6:08 PM UTC

ottomannen wrote: post #140

Seems to be a lot of hating on LinkedIn today. I think it's a great site to use for your business contacts. Way better than collecting business cards.

Hater News really really really realllllllllly hates LinkedIn, this is pretty light compared to normal 2 minutes' hate on LinkedIn posts.

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

#176

Post by BinaryIdiot » Fri, Feb 05, 2016, 6:09 PM UTC

When I first joined LinkedIn I thought it was an amazing idea. But as I slowly used it overtime I noticed almost every single person I know accepts EVERY SINGLE request to connect and gives people skills that they never even had. What's the point of that?

I had countless managers who've literally never looked at my code then vouched on my LinkedIn profile that I was an expert in multiple technologies they wouldn't even recognize if it was sitting in front of them.

So we have a network which, granted, still has utility but it's loaded with spam, no way of really validating an identity, and everyone's connections have been distilled into people who have sent them invites and nothing more. It's such hit and miss trying to really network with people on there that I typically login once every 6 months or so just so I can clear out my inbox.

Now if they turned LinkedIn into a more verified network with capabilities to have more meaningful conversations and introductions I would be interested again. Right now it's just a shitty clone of Facebook with job ads and resumes.

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

#177

Post by nevi-me » Fri, Feb 05, 2016, 6:09 PM UTC

LinkedIn has had a recent trend of forcing a search result to their login page. Maybe a new privacy setting that people switch on? Every time I come across that page I discard what I was searching for, and move on.

I can no longer remember what it was about LinkedIn that made me delete my account in the first place, maybe it's been long, but I've grown to strongly dislike the whole thing. As others have commented, perhaps they're running out of e-mail addresses to mine now.

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

#178

Post by BinaryIdiot » Fri, Feb 05, 2016, 6:10 PM UTC

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…

Interesting...I'll be right back...applying to YCombinator.

Edit: looking for founders

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

#179

Post by suprgeek » Fri, Feb 05, 2016, 6:10 PM UTC

All those celebrating this event - don't.

If you think these guys were using shady and scummy tactics before to spam you and steal your contacts, what do you think they are going to do when their share price sinks? Suddenly reform and stop the borderline-illegal stuff?

LinkedIn will get even more aggressive at monetization. So expect even more of:

1) Random clicks that let you "invite" everyone in your address book

2) Incessant daily nag e-mails - "Complete your profile"

3) Blatant Man-in-the-Middle attacks for stuff you browse on your mobile

4) Data harvesting and selling even more stuff about you

5) etc, etc, etc

If ever there was a market ready to be "disrupted" this is it. Google could have done this with G+, Twitter can do this today with proper reorientation, Heck FB could wipe the floor with these jokers (WhatsApp could too).

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

#180

Post by Lawtonfogle » Fri, Feb 05, 2016, 6:11 PM UTC

eli wrote: post #153

__jal wrote: post #146

Earlier quoted context omitted.

Anything from a Facebook domain hitting my mail server is bounces them back to Facebook's abuse and postmaster addresses. I know categorically that it is abuse, because I am the sole user of my mail server and do not now and have never had a Facebook account, and have repeatedly asked them in various ways to stop spamming me. Useless, of course. But just because they ignore internet norms of decent behavior doesn't m…

That seems like it would make it harder for Facebook's abuse team to deal with actual abuse reports.

Thereby resulting in facebook being a worse software for the average user due to their abuse of this one user. Win win for someone who doesn't like facebook.