All those celebrating this event - don't. If you think these guys were using shady and scummy tactics before to spam you and steal your contacts, what do you think they are going to do when their share price sinks? Suddenly reform and stop the borderline-illegal stuff? LinkedIn will get even more aggressive at monetization. So expect even more of: 1) Random clicks that let you "invite" everyone in your address book 2…
> Google could have done this with G+, Twitter can do this today with proper reorientation, Heck FB could wipe the floor with these jokers (WhatsApp could too). I keep waiting for any of those companies to pull their heads out of their butts and realize this. Google's product strategy seems to be a random-walk, Twitter's platform is too far from LinkedIn's workflow to make it work, but Facebook? Facebook is the kind…
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
#422Every 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.
OPs analogy still holds in my opinion. Their compensation was baseball cards, and it's unfortunate for them that it crashed, but the value behind them was terribly abstract.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#423Earlier quoted context omitted.
Eh, you exaggerate. Me and my girlfriend make about $160k together and we can afford[1] a $3.5k apartment in SF. If we made $200k+ each, or if even just one of us did, $4k wouldn't even be worth thinking about. [1] by "afford" I mean that there is money left at the end of the month.
You're spending 50% of your monthly post tax income on rent. That's not what I would call affordable.
Closer to 45% really. But it's still cheaper than paying less rent and owning a car. Not having any dependents is also pretty handy in keeping money piling around instead of spending it.
We also save a lot (and are healthier and save time) by cooking at home instead of going out to eat.
So, really, we get to both live in downtown SF, and travel pretty much whenever we feel like it.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#424Hi everyone,
I'm Joshua Hartman, the lead engineer for all of LinkedIn's consumer products. Thanks for all the passionate feedback here and we really appreciate it. I just wanted to say that we've been hard at work trying to improve the clarity of our products over the last year and this is something that we will continue to focus on going forward. Many of you have spoken of high volumes of emails. In 2015 LinkedIn built a piece of infrastructure called the "Air Traffic Controller" to make sure our communications are relevant. This infrastructure enabled us to cut the volume of email we sent by 50% and reduce customer complaints by 40% in 2015 - http://blog.linkedin.com/2015/11/10/sending-less-email-is-ju.... We know we have a lot more work to do for LinkedIn to work really well for the tech industry, and we have heard you and will keep refining the experience.
Thanks! - Josh Hartman
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#425I've been registered on LinkedIn for a long time and found it a fun an useful way to catch up on people moving around and advancing their careers, what used to be done at the occasional cocktail party or celebration could be done faster and quicker by scanning the changes. And that has helped me stay in professional touch with people with whom I might otherwise lose touch. But that said, I've recognized their maniaca…
I paid for premium for about 4 months while job searching. Being able to deep-dive into some companies and directly contact people helped me get my current job. It was definitely a helpful tool as a job-searcher. Now that I have a stable job, it has no value and I ended my premium account.
Serious question - what convinced you to sign up for the premium in the first place?
Job-seekers get like, 5 InMails and 3 useless search filters, plus some vanity fluff that does nothing (who viewed your profile).
5 InMails may be worth the price in some cases, but I've always felt the jobseeker service was somewhat predatory. That you found it worthwhile makes me curious - am I missing something?
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#426Earlier quoted context omitted.
That's ridiculous. I have literally never applied for a job where I could just give a Linkedin link instead of using a resume or filling out a form.
Seriously? Where do you live, out of curiosity?
My experience too with companies in SV and several other States. Even if they accept a URL they insist on a file upload too. As an interviewer I like LinkedIn's format. It's far easier to read and easy to click through to previous employer's, recommenders, etc. compared to a resume.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#427Earlier quoted context omitted.
> Google could have done this with G+, Twitter can do this today with proper reorientation, Heck FB could wipe the floor with these jokers (WhatsApp could too). I keep waiting for any of those companies to pull their heads out of their butts and realize this. Google's product strategy seems to be a random-walk, Twitter's platform is too far from LinkedIn's workflow to make it work, but Facebook? Facebook is the kind…
https://work.fb.com/ ?
Work is for internal team use, I think, not for personal professional development. Users accounts won't persist across multiple jobs.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#428Earlier quoted context omitted.
If you were an outsider in need of a job, you'd appreciate the recruiter spam.
But I don't feel like any of it is authentic. Submitting my resume directly to the company would probably accomplish the same thing.
In some cases, that might even be true.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#429Earlier quoted context omitted.
That's not true. There are settings in your profile that you can use to control exactly how much of your profile is visible to people not directly connected to you. e.g. My profile is entirely public (you still need to have a LinkedIn account in order to actually view it, but we don't need to have any degree of connectivity): https://www.linkedin.com/in/rameshdharan
Sorry, but I've not made this up: "Full profiles for 3rd-degree connections are available only to premium account holders." Here is a screenshot: http://booleanblackbelt.com/2012/09/full-profiles-of-3rd-deg...
Yes, this was true for several years. As of January 2015, 3rd degree is visible again.
Though if you're willing to jump through some hoops, all profiles are visible.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#430LinkedIn reminds me of an online dating site. You're only on there long enough to get what you want. When you've finally gotten it you stop using it until you need to get it again.
How is that different from Amazon?