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

Post by dang » Sat, Feb 06, 2016, 5:45 AM UTC

ChuckMcM wrote: post #155

Startup CEOs are getting pretty young these days, has your niece been hitting you up for a seed round? I'm thinking an App that is Uber for Lemonade Stands, people in the neighborhood just press the "I'm thirsty" button and one of her "mixologists" nearby makes a lemonade and brings it by. She doesn't make the lemonade or sell it, she is all about connecting thirsty people to industrious people who are putting their…

Post by dang » Sat, Feb 06, 2016, 5:53 AM UTC

EC1 wrote: post #342

Please stop trying to remotely argue in favour of the ludicrous rent prices. The point isn't that some combos can work out, the point is that people shouldn't have to buckle down and "combo up" to afford a fucking apartment.

Post by thisismyanon2 » Sat, Feb 06, 2016, 5:55 AM UTC

brianmcconnell wrote: post #411

leroy_masochist wrote: post #404

Earlier quoted context omitted.

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…

Post by ec109685 » Sat, Feb 06, 2016, 6:09 AM UTC

tryitnow wrote: post #501

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…

Gloomy, but likely correct. A lot of these current valuation numbers just don't make sense. The implied growth rates in many tech stocks is unrealistically high. The Bay Area's long-term employment prospects simply cannot support current home values or rental rates. Once public and private equity valuations drop a lot of software development projects are going to get cut and with them the jobs of many software engine…

Post by aaroninsf » Sat, Feb 06, 2016, 6:27 AM UTC

sinzone wrote: post #439

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…

> 30% decline in bay area real estate values. that won't happen. During the 2008 big burst everywhere in USA was felling apart but in SF real-estate was just down 5%-10%. SF can't expand easily since it's water 3/4 all around. Demand still high and supply very low. That won't change dramatically, with or without a collapse in the public market.