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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

#411

Post by brianmcconnell »

leroy_masochist wrote: post #404
edgyswingset wrote: post #341

Earlier quoted context omitted.

> If salaries drop then rent drops. I don't see this being a bad thing. Maybe I'm being irrational, but I suspect that the drops won't be proportional and the housing isse in SF will just get worse.

We moved into a new apartment in NYC in the summer of 2009. The previous tenant had a two-year lease at $4500 (struck in July '07). Our rent was $2800. In the rental market a big driver of the landlord decision cycle is needing, at a minimum, to have a reputable tenant and to cover the cost of carry of the asset (mortgage, etc). In many cases if their cost of carry is met (and that's often a low bar....many landlords…

This times 100. A bad tenant can cost you tens of thousands of dollars, not to mention peace of mind. I once had one who lied about owning my property to have a 60 year old tree cut down. It was a nightmare (it turned out he had sued his previous landlord in a bogus sexual harrassment and basically extorted a hundred grand from an elderly woman).

I would much rather have someone who pays less, but is financially and mentally stable. So yeah, rents will drop pretty fast once the market softens.

SF in particular is a unique market because you have one population that is hell bent on staying here, and another that is primarily here for work opportunities. The latter population will clear out pretty quick once the work starts to dry up.

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

#412

Post by pm90 »

gogopuppygogo wrote: post #403
draw_down wrote: post #389

Earlier quoted context omitted.

Just clarifying, are you speaking of SF, or the US more generally...?

It's likely to spread throughout the country.

That is highly overestimating the amount of tech jobs in the rest of the country. For SF, yes, I agree.

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

#414

Post by selllikesybok »

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

LinkedIn does have some non-recruiter customers, though. Like everyone else in the game, has also realized they could make a few bucks off the supply side.

Having trouble getting a job? Just pay us $20/month and more people will see your res... er, profile! Too bad visibility is not the solution those people need. Just one that is trivially implemented and easy to sell.

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

#415

Post by coldpie »

pkaye wrote: post #78
vitd wrote: post #67

Earlier quoted context omitted.

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.

They have some tricks on how things are placed on your personal page so you accidentally import your contacts. I've almost done so a few times.

Maybe I'm misunderstanding something. Don't you have to give them your gmail password or some other Google auth? That doesn't seem easy to do accidentally.

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

#416

Post by jpetso »

justinclift wrote: post #363
stephenboyd wrote: post #309

Earlier quoted context omitted.

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…

Hopefully you've learned something important about not giving your login credentials for any service, to another service. ;) [And yeah, I'm aware of people doing this for other services too, eg financial account management. Expecting they'll become further anecdotes later one... :(]

I signed up with an email alias specifically created for LinkedIn, and it still managed to associate my Facebook friends as possible connections. What the frick.

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

#417

Post by pm90 »

cmurf wrote: post #360
edgyswingset wrote: post #341

Earlier quoted context omitted.

> If salaries drop then rent drops. I don't see this being a bad thing. Maybe I'm being irrational, but I suspect that the drops won't be proportional and the housing isse in SF will just get worse.

Probably not, because people don't ask. In 2008 when I was living in NYC, I asked and received 10-15% year over year decreases in rent (3 years). Long time NYers thought I was crazy to even ask. Incredulous I got it. And this was in Manhattan, doorman building, a few blocks from Lehman Bros. So yeah ask. And be prepared to move. If you aren't prepared to move, you're not ready to save.

Just curious, what do you mean, be prepared to move? Did you tell the landlord, "I will move if you don't give me a 10% decrease in rent"? I'm finding it hard to believe that in a market like NYC where the rents are sky high generally increasing, you could get such a discount.

It also depends on the kind of property taxes prevalent in the states. e.g. in California, property taxes are set at the time of purchase, while in Texas they are reassessed every year. So, my landlord (in Texas) basically increases the rent to cover for the increase in property taxes.

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

#418

Post by pm90 »

grillvogel wrote: post #357
dia80 wrote: post #343

Earlier quoted context omitted.

That works until it doesn't, see Japan.

what about japan

I'm assuming this was an offhand remark, but if you are looking for a serious answer: the Japanese Govt. has been trying a similar thing for over a decade to kick the economy into growth and has failed rather spectacularly and persistently in doing this.

[0]: https://en.wikipedia.org/wiki/Lost_Decade_%28Japan%29

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

#419

Post by perks »

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.

Case and point - having to use this script to unsubscribe from all the emails ...

https://gist.github.com/chengyin/7021086

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

#420

Post by selllikesybok »

srunni wrote: post #299
karmelapple wrote: post #249

Earlier quoted context omitted.

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/impo…

It gets you five columns - name/title/company/email/location.

Unlike the old export feature, it's also frequently missing your latest connections (30-60 days worth, I think).

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