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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

#391

Post by caoilte »

dageshi wrote: post #383
jhulla wrote: post #353

Earlier quoted context omitted.

Stop scaring the kiddos with your ghost stories. At least let them enjoy their weekend. The problem is shrinking global liquidity. Losses in the Chinese financial system and in the global energy sector are forcing governments, central banks and sovereign wealth funds to sell assets around the world. These are some of the biggest asset managers in the world. It is unclear to me how this will end. When the mortgage mar…

In terms of property, I wonder how much is being sold to foreign investors. This article came up recently about London http://www.constructionenquirer.com/2016/02/04/opinion-is-th... I give it more credence than the usual "property market correction incoming" because certain fundamentals have actually changed, oil is dirt cheap, China as you say is volatile having blown multiple bubbles and now dealing with the conse…

Hard to know, because High end London property is pretty weird. It's basically a piggy bank, a tax dodge, a money laundering vehicle and a fashion accoutrement all tied up in one dirt cheap currency.

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

#392

Post by maaku »

grubles wrote: post #385
e40 wrote: post #361

Earlier quoted context omitted.

I took it as waiting for the bottom and investing his cash, and seeing a big upswing. The real trick is starting at the bottom.

Is it bad when I'm thinking of selling some bitcoin in order to take advantage of a volatile stock?

Yes.

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

#393

Post by shiv86 »

nostrademons wrote: post #244
kin wrote: post #60

Earlier quoted context omitted.

While I agree with you, I would say that bubble bursting is more synonymous with larger disasters like the housing crash in 08 or the Dotcom bust in 2000. In my opinion what's happening with overvalued companies is more of a market correction. To me it doesn't seem like people are in panic, people are just saying things along the lines of "well yeah, they were overvalued" and they move on.

Let's see what happens first. The 2008 crash was orderly too up until Lehman Brothers went bankrupt in Sept 2008: https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&... Market topped in Oct 2007, and then there was a bunch of debate over whether we were or weren't in a recession through the first half of 2008. Bear Sterns went bust in March 2008, everybody was like "Well duh, they should have known it was co…

I think what Kin is saying before in 2008 and dot-com there were fundamental reasons for a bubble to burst which had an navigate reprecussions on the economy(recession/increased unemployment).

dotcom - shell companies, with no revenue or profits. 2008 - excessive/unsustainable leverage both by corporations and individuals.

This time around multiple QE cycles resulted in decreased treasury and bond yeilds. People\funds with captial went to invest other assets classes e.g. equity markets seeking high yeilds and as a result increased the price multiples/valuations while the intrinic businesses valuation and growth remained the same.

Now people are starting to realize that multiples(what you pay for a company and what its actually worth) are too high and started taking money out of equity markets. While the fundamentals of the business has stayed the same.

Hence this bubble bursting or "significant price correction" wont have the same impact on mainstreet as the other two bubbles because the business are still sustainable but the prices weren't.

Prices are not proxy for revenue/profits/growth or value. So unless someone can give actual facts that the fundamentals of the underlying businesses are/will be impacted on a systematic basis I agree with kin.

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

#394

Post by dantillberg »

dasil003 wrote: post #384
dantillberg wrote: post #23

Earlier quoted context omitted.

After quitting my full-time job and going independent(ish, for now) last year, I've sometimes regretted deleting my LinkedIn profile, as it's so commonly used for networking and searching for leads for job candidates. But I agree with you that it's a terrible, and it's why I deleted my profile. I didn't even know how creepy/skeevy their business model is then, but what I did see was that their product is just BAD in…

I object to calling out Craigslist on this basis. Sure I am a web developer and designer and can quickly eviscerate the usability of Craigslist just as anyone else here can. However... Craigslist for all its fault is driven by an egalitarian vision. The ideology which prevents Craigslist from improving their UI and providing an API (or supporting scraping) is the same ideology which prevents them from taking massive…

You're right. My error. Thank you!

I have been seriously frustrated by the dominance of Craigslist re apt-hunting, but it's quite fair to note that, while I may object to their choices, it is obviously not greed that (primarily) motivates them/him. So it's definitely not right for me to group them with LinkedIn.

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

#395

Post by cplanas »

mrweasel wrote: post #108
Hermel wrote: post #99

Earlier quoted context omitted.

In Europe, xing is actually more popular than linkedin. So there is serious competition.

I think that's country specific. I'm in Denmark and I never heard of Xing.

It's the same in Spain. I also think it's popular mainly in Germany.

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

#397

Post by mitochondrion »

pfarnsworth wrote: post #362
jonknee wrote: post #349

Earlier quoted context omitted.

> If there is a problem, the Fed will drop interest rates, maybe even go negative, and that will cause bond rates and conceivably mortgage rates to drop as well. The Fed has very little room to drop interest rates and won't do so to prop up the NASDAQ while the economy continues to grow and add jobs.

It's not to prop up the Nasdaq. In the doomsday scenario referred to above, housing prices dropping 30%, salaries went down 25%, etc. This is unacceptable to the Fed and they will do whatever it takes to counter this, including dropping as much money as possible. And they can go negative interest rates which would be crazy, but it's happened before, and currently going on in Japan.

The Fed is all out of bullets, except for NIRP. And yes, it would (will) be crazy, but only slightly more so than 7 years of ZIRP.

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

#398

Post by selllikesybok »

susan_hall wrote: post #187
wslh wrote: post #172

Earlier quoted context omitted.

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. Th…

For me, this is the most surprising missed opportunity: "posting original stuff to groups with thousands of members and not receiving a single comment or click to some link" LinkedIn had the chance to build some amazing forums. LinkedIn should be the place that you think about when you want to have a conversation about business. They clearly have the traffic. They could have done something amazing with their groups a…

Every time they touch Groups, they make them that much worse.

They made a big (incomplete) UI overhaul which managed to make them less easy to use, and half the time fails to load posts (every 1-2 posts as you scroll down is loaded via script, fails a surprising amount of the time, or simply refuses to fire!).

I'm at a total loss as to why they hate Groups so much. Not enough page loads / ad impressions? We run a few groups - ranging from 10L to 90K in size, some of which are quite active. But discussions tend to engage ~.001% of users.

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

#399

Post by jacquesm »

dantillberg wrote: post #394
dasil003 wrote: post #384

Earlier quoted context omitted.

I object to calling out Craigslist on this basis. Sure I am a web developer and designer and can quickly eviscerate the usability of Craigslist just as anyone else here can. However... Craigslist for all its fault is driven by an egalitarian vision. The ideology which prevents Craigslist from improving their UI and providing an API (or supporting scraping) is the same ideology which prevents them from taking massive…

You're right. My error. Thank you! I have been seriously frustrated by the dominance of Craigslist re apt-hunting, but it's quite fair to note that, while I may object to their choices, it is obviously not greed that (primarily) motivates them/him. So it's definitely not right for me to group them with LinkedIn.

It's the exact same kind of criticism often leveled at tarsnap. Motivations matter, and in some cases they matter a lot.
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