Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

businessinsider.com

Post reply on HN
Print view View original

271–280 of 663 posts

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

#271

Post by branchless »

gist wrote: post #164
jey wrote: post #73

Earlier quoted context omitted.

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…

> 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.

Welcome to the world. Version 2.0. Codename: pointless.

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

#273

Post by cmrdporcupine »

nrclark wrote: post #144

Every time I see something like this, I have to wonder - Did anybody actually _lose_ anything? It's not like LinkedIn is more or less intrinsically valuable than it was yesterday. The only thing that's happened is that their baseball cards dropped in resale value. Anybody who thinks a non-dividend non-voting stock is anything other than a baseball card is kidding themselves.

Employees whose compensation included stock units (if that's a thing at LinkedIn and I assume it is given the industry) certainly lost something.

If Google's stuck took a hit like that I'd be out a significant part of my compensation.

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

#274

Post by csomar »

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'm afraid this will result in even more spammy emails.

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

#275

Post by fiatjaf »

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.

Die, Linkedin, die!

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

#276

Post by dave2000 »

nfoz wrote: post #269
dave2000 wrote: post #233

Earlier quoted context omitted.

If people have my contacts details that's not really a problem for me. A friend once said he wasn't going to get a gmail account because he didn't want Google knowing all his contacts but Google already had them because they all had gmail accounts. The value of keeping other people's email addresses secret is overrated. Spam is a fraction of the problem it was 10 years ago and there's always filters.

The "spam" we're talking about here is from LinkedIn itself . That is, you give them your contacts, and it will spam them to sign up too. If gmail started emailing your friends because you used gmail, that would be a good reason to not use gmail.

I'm not saying gmail (google) spam people; i'm saying that not using gmail because you don't want google to know your contacts is silly. it doesn't matter if google knows that you, for instance, are in my contact list. they're not going to spam you. i'm not going to not use linkedin because i'm concerned you're going to get an email from them; that's your problem, and not really a problem at that. You just mark as spam and move on. It's hard to imagine a single person has even decided to not share their contact list with an app or service because they're concerned one of their contacts might get contacted by them.

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

#277

Post by AlwaysRock »

hitgeek wrote: post #250
pdenya wrote: post #239

Earlier quoted context omitted.

Doesn't seem like there's much value in linkedin premium for non-recruiters and the recruiters certainly aren't complaining about spammy practices.

linkedin's product choices make more sense when you consider that recruiters are their only customers

Tech recruiter here.

It blows my mind that linkedin exists. I believe its Zero to One that talks about how Reid realized rather than try to replace recruiters he made a tool to help them do their job.

Non recruiter/sales people use it as some type on online resume and look at how great I am page while recruiters get access to everyone they could ever want.

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

#278

Post by magic_beans »

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…

Not to be that snarky asshole, but this sort of comment doesn't belong on HN.

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

#279

Post by matt_wulfeck »

Am I the only one that likes getting email from people who want to give me a job? I use a separate email and filter the messages out of my inbox. I go in there every week or so and see what's around. For recruiters I think are genuine and are working on cool projects I just politely say I'm not interest right now but feel free to reach out again later.

It's good to see there are people interested in my talents and want to give me money to use them. LinkedIn allows all of that communication to flow from one place.

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

#280

Post by chrstphrhrt »

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…

Bahaha, nice.
Post reply on HN