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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

#291

Post by deadfriend »

uptown wrote: post #43
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.

Or how about the phony "people you may know". They suggested I may know my 4 year old Niece because somebody uploaded the email address created for her into their system. She definitely doesn't have a LinkedIn account, but they portray a profile-photoless "shadow profile" as-if she does.

A friend of mine died almost a decade ago before linkedin became a thing and I see those occasionally. Someone must have done the same for him.

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

#292

Post by tomswartz07 »

jameslk wrote: post #134
Angostura wrote: post #69

Earlier quoted context omitted.

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.

My speculation is that without any comparable competitors, there's nothing to force LinkedIn to change the negative aspects of their service. If there were two competing services, we would see users gravitating towards the service they prefer and the other service desperately trying to correct itself. For example, when Yahoo introduced suggested searches, Google noticed and picked up the feature too. Alternatively, w…

> There's nothing to force LinkedIn to change the negative aspects of their service

Yeah there is: a $10 billion drop in their stock valuation.

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

#293

Post by cjjuice »

magic_beans wrote: post #278
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.

And why is that?

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

#294

Post by jbbarth »

emiliobumachar wrote: post #258
jbbarth wrote: post #220

Earlier quoted context omitted.

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.

The point is that everything at scale as an impact that looks big when aggregated... if you don't actually look at the scale.

135 out of 1B isn't big at all, it just looks big because of the biases we have when interpreting big numbers. Not mentioning the fact that the aggregation isn't very relevant (it's not like 135 people will have their entire life wasted while the others are not annoyed at all).

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

#295

Post by TheLogothete »

enraged_camel wrote: post #189
jameslk wrote: post #134

Earlier quoted context omitted.

My speculation is that without any comparable competitors, there's nothing to force LinkedIn to change the negative aspects of their service. If there were two competing services, we would see users gravitating towards the service they prefer and the other service desperately trying to correct itself. For example, when Yahoo introduced suggested searches, Google noticed and picked up the feature too. Alternatively, w…

The reason a LinkedIn competitor hasn't emerged is the same reason a viable Facebook competitor hasn't emerged: at this point the network effects are too strong, and it's extremely difficult to beat incumbents because of that. Besides, think about how much flak some HN submissions get for being "just another social network." I think the whole social network market has fully saturated and there will be additional diff…

There are very strong competitors in the German and French speaking worlds.

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

#298

Post by Karunamon »

__jal wrote: post #182
eli wrote: 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.

You'd probably have more luck marking them as spam in your client. If you're using a webmail service of any note, you're helping to train the filters used by others, and as a bonus, your own profile means you're less likely to get them in the inbox in the future.

Also, if you're in the USA, you should report those messages to the FTC.

If you try to unsubscribe from an email list and your request is not honored, file a complaint with the FTC. via https://www.consumer.ftc.gov/articles/0038-spam

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

#299

Post by srunni »

karmelapple wrote: post #249
srunni wrote: post #206

Earlier quoted context omitted.

> The reason a LinkedIn competitor hasn't emerged is the same reason a viable Facebook competitor hasn't emerged: at this point the network effects are too strong, and it's extremely difficult to beat incumbents because of that. I'd say LinkedIn actually has stronger network effects than Facebook, or other consumer social networks. Consumer social networks are used more casually, so it's easier to get users to sign u…

The only social network I can reliably guess that someone is on, regardless of job type, is, alas, LinkedIn. My friend who is a biologist doesn't have a Twitter since nobody in her field uses it, but she has a LinkedIn. My software developer friends have Twitter, so that's my go-to... but then it's a mishmash of business and personal. Or sometimes only personal, so it feels weird to talk business over it. So then...…

There's an export contacts feature, which was restored after removing it resulted in a user backlash (http://venturebeat.com/2015/07/25/linkedin-brings-back-tool-...). But if a competitor tried to create a one-click feature for programatically exporting contacts from LinkedIn and importing them into their own database, they would probably get banned. And for the vast majority of users, explaining how to export/import a CSV manually is not viable.

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

#300

Post by designtofly »

dawhizkid wrote: post #28

LinkedIn is the king of "dark patterns" UI - every part of their website is optimized to trick you into doing something you have no intention of doing.

And I absolutely hate that they track which profiles you view and then display that information in the side bar under "people who viewed this profile also viewed". Unless you're looking at high profile person with millions of views, the "also viewed" list becomes a list of friends and not people in the same field or similar job profiles. If I ever have to click on a LinkedIn link, I always go into incognito mode.
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