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

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

#251
post #182
post #153

Earlier quoted context omitted.

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

I am making an actual abuse report.

I am pretty sure a Facebook dev has already set up a rule on the abuse inbox to delete any emails coming from your domain.

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

#252

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…

I would be interested in seeing how this plays out, considering cops occasionally shut down lemonade stands for not having permits[1]. This was not an isolated incident[2]. 1: http://www.cnn.com/2015/06/11/politics/lemonade-stand-shut-d... 2: http://www.lemonadefreedom.com/category/selling-lemonade-is-...

That's ok, the mixologists would be independent lemonade service providers using their own lemons.

As independent contractors, they would certainly be responsible for compliance with all lemonade regulation.

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

#254
I'm not surprised. If LinkedIn disappears one day, will we miss it? I probably won't.

As far as I'm concerned, LinkedIn's only purpose is to lookup a contact's name and check his/her profile to learn a bit more before/after a first discussion. I'd venture thinking that this could easily be replaced by static web pages hosted anywhere, and some Google search.

Would you miss LinkedIn?

Edit: In the beginning, LinkedIn used to offer a fair deal to its users: you spend time filling your profile, in return we host your profile for free and for everyone to see (as your public and official resume on the web). But LinkedIn changed this policy a few years ago and, since then, only members close to you in terms of connection can see your profile. Others have to be paying members. In my opinion, it was the beginning of the end for LinkedIn.

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

#255
It's a crummy product. My homepage is filled with useless crap like word puzzles and simple math equations, I'm inundated with with spam from recruiters, and I get daily connection requests from people I don't know without any explanation of why they want to reach out to me.

It could be a useful network that helps me address professional needs, but they seem to have no interest in building that.

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

#256
post #191

From the advertising standpoint, it seems to me that Facebook has a database of people's job titles which is almost as good as LinkedIn's, without requiring advertisers to pay a minimum $2.00 per click to reach them.

From our experience targeting job titles, LinkedIn is actually much more comprehensive than Facebook. ie targeting "Operations Directors at Company X". Facebook doesn't provide that level of granularity, and our audience sizes are much bigger on LinkedIn.

Interesting. Do you find $2+ cpcs justifiable? Can you really get a good ROI with that?

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

#257

Sounds like the bubble is bursting. The established companies whose valuation was based on multiples of future growth are taking the hit, getting in line with more traditional multiples of current revenue.

It strikes me that you could have said the same thing back in 2012 when Zynga and Groupon were cratering.

Likelier, there isn't much of a bubble at all, and companies tend to be properly valued.

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

#258
post #143

Earlier quoted context omitted.

Exactly. If it's 5 minutes per 1 billion customers, 5 billion minutes wasted. That's 9512 years. 135 lives.

This calculus doesn't make much sense. Multiply any enormous number of people by a few minutes and you'll get hundreds of lives equivalent time. That's pretty much the kind of fallacy behind "if all people on Earth give 10$ for we can solve ."

I don't see the fallacy in it. It's just pointing out that a little time wasting at scale actually has a big impact.

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

#259

What does this mean for Connectifier, the company LinkedIn acquired hours before markets closed yesterday (and before after-hours trading caused LNKD to slide 40%)?

Depends on the term of the merger agreement. But if the price was paid in stock and the exchange rate was fixed before today (which would be typical), then yes, they would have taken a big hit too.

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

#260
post #143

Earlier quoted context omitted.

Exactly. If it's 5 minutes per 1 billion customers, 5 billion minutes wasted. That's 9512 years. 135 lives.

This calculus doesn't make much sense. Multiply any enormous number of people by a few minutes and you'll get hundreds of lives equivalent time. That's pretty much the kind of fallacy behind "if all people on Earth give 10$ for we can solve ."

It's not a fallacy. We really could solve those big problems. It's better than thinking about the huge problem and your tiny ego. It puts things in perspective. Facebook really wastes the equivalent of 135 lives. That's the reverse operation. It takes the relatively trivial 5 minutes from your life and puts it in global perspective. When you're that big and you annoy people in a systematic way you deserve this characterization.
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