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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

#302
post #67

Earlier quoted context omitted.

My Mom asked me if I was recently on LinkedIn. Apparently they emailed her after I made some new connections. I turned off all email notifications and despise the fact that they email my contacts about my activity.

Just curious - why did you give them your contacts? I've been on it for years and have never uploaded a single contact. I've just manually connected with people I know. Whenever a service asks for my contacts, I know it's because they want to spam them.

I tried the android app, bam - all my contacts are now in "do you know", I thought it would be "click to upload contacts". mistake!

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

#304
post #43

Earlier quoted context omitted.

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.

Linkedin also wanted to connect me with my dead grandfather a few weeks after he died. I'm pretty sure he never had an account there. Felt a bit weird to have that email pop up suddenly.

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

#305

I never put a lot of value in the data on LinkedIn. Where else can I get "endorsements" for random technology keywords like SOA from people who cannot possibly know what SOA means?

I really want to see the code for how that works. My great aunt did not endorse me for python, because she has no clue what that is. I'm curious if they trick people into clicking that? or if they just purely make it up.

They send emails to your contacts/dig through your email list to find people you know and ask them to endorse you for xyz skills through one click. Your great aunt was probably thinking she did you a solid. Scummy by the company.

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

#306
post #269

Earlier quoted context omitted.

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 sp…

> 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.

You seem to be a little out of touch here. There are several examples of people withholding their contacts list from services like LinkedIn right here in this thread. It's not hard to imagine at all -- just read the posts.

In fact, right above your post that you responded to, the hn user vitd wrote, "why did you give them your contacts? I've been on it for years and have never uploaded a single contact."

Lastly, you're trivializing the situation by suggesting that recipients just mark it as spam and move on. The issue is that LinkedIn deliberately crafted the emails with header "FROM: YOU" and your photo in the message body to make it look like you explicitly sent the email inviting them to join. It's clever social engineering so that the recipients harvested from your contacts list do not treat it as spam. Some recipients know the disguised nature of LinkedIn spam and know you didn't actually send it but many do not (especially older executives). In those cases, they think that you are one of those clueless flakes that signs people up for multi-level-marketing vitamins and vacation timeshares. People genuinely got embarrassed by LinkedIn's spam practices.

Enough people were angry about spam being sent behind their back that they sued LinkedIn: http://www.businessinsider.com/linkedin-settles-class-action...

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

#307

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.

Would have hedged it if they were smart.

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

#308

anyone delete their linkedin? I just got sick of strangers adding me and messaging me but I also found out my ex-boss who I had a great deal of respect for unfriended me on linkedin and lets just say he needs to worry about another competitor SaaS soon.

Yes, I believe a hosted personal site is better, since it's also under my control. Anyone can search your name online and get that as a top hit.

You can delete LinkedIn, but if your profile was public, good luck getting all the data scrapers to remove your data as well.

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

#309
post #43

Earlier quoted context omitted.

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.

The fact that they intermingle "add this person to my network" with "invite this person to LinkedIn" on that page drives me insane. I accidentally sent my friends a bunch of annoying messages to their school email addresses as I sat there clicking and asking myself, "How are we not connected, we've known each other for years?". Really we are but LinkedIn creates these shadow profiles for each of their email addresses…

When I signed up, I made the mistake of giving LinkedIn access to my Gmail address book. Somehow this meant they actually had access to a list of every person I had ever e-mailed, even if only once.

So ever since then, LinkedIn has been trying to trick me into sending invites to people I've never met who I've briefly inquired about sharing an apartment with, various administrators at the schools I attended, and women who I went on some dates with back in 2009. Having an interface that's designed to funnel me into an inauthentic and embarrassing social gesture means I have to keep a state of anxious vigilance whenever I use it.

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

#310

Earlier quoted context omitted.

Umm, did you read the earnings report? They are hardly losing money.

I might be reading the wrong, but they seem to have been losing money the first three quarters of 2015: http://www.google.com/finance?q=NYSE:LNKD&fstype=ii They would need to make a pretty good profit the last three month of 2015 to make up for it. Again I might just not know how to read financial statements, but adding up all the "Net incomes" gives you around $108 million in lose.

They have posted a small loss ($8mn) in the fourth quarter. But if you ignore a number of costs you can easily convert a $166 million loss into a $373 million gain. See the last table in the press release:

http://investors.linkedin.com/releasedetail.cfm?ReleaseID=95...

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