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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

#491

Post by pacala »

marincounty wrote: post #471
yeukhon wrote: post #449

Earlier quoted context omitted.

SF is heavily relying on the high-tech, high salary population to sustain its high market value. So SF is always at risk of having market breakdown. But because giants like Google and Facebook have offices in SF, or near SF, as long as that population remain, SF market will survive, no matter what. If SF only relies on startup, SF will doom. Startup population, however, is dragging the price higher, so high that even…

I'll get hammered for this, but I just wonder if we will be talking about Google, and Facebook ten years from right now? I know both have diversified, and Google has become best friends with the Obama administration. I just wonder if they will be relevant? These tech companies main reason for living is advertising, and their algorithms. I look back, and Apple had a physical product. Other than Apple, exactly what com…

Advertisement is relevant. http://finance.yahoo.com/q?s=KO produces nothing of intrinsic value, yet it is valued at $185B. Why? Because they've built and maintained a very valuable brand, via advertisement. The day CocaCola is headed for bankruptcy is the day I start worrying about Google and Facebook.

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

#492

Post by DougN7 »

marincounty wrote: post #471
yeukhon wrote: post #449

Earlier quoted context omitted.

SF is heavily relying on the high-tech, high salary population to sustain its high market value. So SF is always at risk of having market breakdown. But because giants like Google and Facebook have offices in SF, or near SF, as long as that population remain, SF market will survive, no matter what. If SF only relies on startup, SF will doom. Startup population, however, is dragging the price higher, so high that even…

I'll get hammered for this, but I just wonder if we will be talking about Google, and Facebook ten years from right now? I know both have diversified, and Google has become best friends with the Obama administration. I just wonder if they will be relevant? These tech companies main reason for living is advertising, and their algorithms. I look back, and Apple had a physical product. Other than Apple, exactly what com…

I think you might be right. I remember about 10 years ago having a discussion with a coworker. He was bemoaning the fact that Microsoft was so far entrenched that nobody would ever be able to challenge them. Back then Microsoft looked like Google does today. Nobody stays on top forever.

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

#493

Post by cplease »

czep wrote: post #450
ryanSrich wrote: post #332

Earlier quoted context omitted.

Tech employees making $200k+ are the only ones who can afford a $4k per month apartment in SF. If salaries drop then rent drops. I don't see this being a bad thing.

This is a huge misconception: tech is actually a small percentage of SF employment, especially at the high end. Those $4k+ rents are being paid by bankers and lawyers. It's still called the "Financial District" for a reason. The finance sector laughs at our $200k salaries. They are the ones inflating the rental market because a few k per month is a rounding error.

Ahem.

I know a thing about tech, lawyers, and banking. You're talking about misconceptions about tech while feeding misconceptions about law and banking.

In reality, most people in all three industries don't make $200K salaries. A big chunk (but by no means all) of Bay-area FANG engineers, New York bankers and Biglaw lawyers get this type of remuneration. Should be said too that most (not all) of these are pulling off insane, crazy-making hours as well.

If you think lawyers are rolling in it you have not been paying attention to what's happened to the profession over the past decade. Simply anachronistic. If you're going to generalize, it's a much better time to be an engineer than a lawyer in 2016.

All three of these professions have massive disparities in remuneration.

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

#494

Post by driverdan »

joshhart wrote: post #424

Hi 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 b…

Really? Where?

You still use dark patterns all over the place. Misdirection to get users importing contacts, burying opt-outs (try figuring out how to disable InMail), removing features from free accounts.

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

#495

Post by jeffdavis »

roymurdock wrote: post #469
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…

> At the moment, outside of wholly energy dependent countries (Middle East, Latin America, Nigeria, etc.), there does not appear to me a 2008-like financial system shutdown. There's nothing stopping central banks from creating more liquidity through progressive rounds of QE, each of them buying in because they know their country will suffer in the short run if they do not follow suit. Of course this will lead to defl…

QE leads to deflation?

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

#496

Post by ramykhuffash »

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…

London is a weird spot for property. I see it as more inline with the gold market. A "safe" investment for people who need to invest. That makes your last point more likely if anything I'm saying is true, but what happens when in London is unlikely to reflect the properly market in general, which is based somehat on fundamentals.

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

#497

Post by jthol »

pyrrhotech wrote: post #312

A lot of people hating on LNKD here, but this isn't really company-specific. This is a macro shift. LNKD being down by 40% by only guiding down 8% below estimates is a big warning of how the market is about to treat all bloated growth stocks. In 2013, if they reported the same results, the stock would have been flat or slightly down. It's a major shift in investor sentiment. Bubble bursts always start in the public m…

When you are trading at a P:E ratio of 50 you are expecting some phenomenal growth and at LinkedIn's size that growth is pretty hard to get. Scaling it back to 25 seems pretty damned reasonable honestly.

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

#498

Post by Swizec »

ryanSrich wrote: post #480
nilkn wrote: post #468

Earlier quoted context omitted.

So then they have $3.5k left after rent each month, while living in the middle of one of the most popular cities in the country. Meanwhile, the average American couple would have less than $3.5k before paying, regardless of what their rent is.

Right. I guess it depends on what your other expenses you have. For example, $2k out of that extra $3.5k would got to student loans for me. So spending $3.5k on rent just doesn't work. If you don't have student loans or any major debts sucking up your income then I envy you.

I'm pretty fortunate in that not only do I not have any debt, but my fuck you fund has enough for several months of full living/lifestyle costs. If I move back to my home country, then I have enough for two years.

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

#499

Post by singlow »

cplease wrote: post #493
czep wrote: post #450

Earlier quoted context omitted.

This is a huge misconception: tech is actually a small percentage of SF employment, especially at the high end. Those $4k+ rents are being paid by bankers and lawyers. It's still called the "Financial District" for a reason. The finance sector laughs at our $200k salaries. They are the ones inflating the rental market because a few k per month is a rounding error.

Ahem. I know a thing about tech, lawyers, and banking. You're talking about misconceptions about tech while feeding misconceptions about law and banking. In reality, most people in all three industries don't make $200K salaries. A big chunk (but by no means all) of Bay-area FANG engineers, New York bankers and Biglaw lawyers get this type of remuneration. Should be said too that most (not all) of these are pulling of…

He said that (most of) the 4k rents are paid by bankers and lawyers. He did not say that most bankers and lawyers pay 4k rent.
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