Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

businessinsider.com

Post reply on HN
Print view View original

541–550 of 663 posts

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

#541

Post by randycupertino »

winkle wrote: post #282
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…

She may need to pivot into the Plated for Lemonade Stands. Just send the chef prepared ingredients (meyer lemon, rare plant sugar and The Timmy Brothers water) and a step by step recipe to make the lemonade at home. She could then sell services on top of that to have a local independent rep prepare the lemonade for you.

Dude, she hit me up on Angel List for a seed round for her new app, Lemonayder. The next waive of the web will be on demand Lemonaid delivery apps.

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

#542

Post by codesushi42 »

weeksie wrote: post #538
codesushi42 wrote: post #534

Earlier quoted context omitted.

> The number of people employed might. It will. > Engineer salaries are not going to drop a whole lot. Basic economics say that will follow. None of these events are isolated. They're interconnected and cascade. Everyone will be affected, even those who are flipping burgers in the Bay Area.

Actually, basic economics says that wages tend to be sticky.

/Average wages/. On a macro scale.

That's not the same situation. Of course you're going to see the $150-200k premium for engineers fall once startups, funding, and jobs disappear. It's already happening in the form of cutting RSUs and bonus packages.

And it has happened before. Why is it so hard to understand this?

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

#543

Post by teen »

neelborooah wrote: post #506
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…

As an engineer working at a "well-funded" startup, how can I prepare for the worst?

be good at programming?

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

#544

Post by tajen »

VeilEm wrote: post #174
bnchrch wrote: post #14

Honestly I am feeling a bit of joy watching LinkedIn take a hit. Not because I think their product is terrible but because of the endless spam emails I keep receiving from them, despite how many times I click unsubscribe.

I ended up deleting my LinkedIn account with hundreds of connections and recreating it with an email I use for spam. I haven't worried about linkedin emails since. Another recommendation I have: when you go on the job hunt, create an email just for that job hunt. Once you get the job, throw that email away. Next time you get a job, make a new email address. Your recruiter spam will stop.

My parents are always very sad and disappointed when I turn down a recruiter phone call. "This is a headhunter for you, son!" Jobs have somehow become a commodity, so massively available that spammy behaviours appeared.

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

#545

Post by randycupertino »

designtofly wrote: post #300
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.

And I absolutely hate that they track which profiles you view and then display that information in the side bar under "people who viewed this profile also viewed". Unless you're looking at high profile person with millions of views, the "also viewed" list becomes a list of friends and not people in the same field or similar job profiles. If I ever have to click on a LinkedIn link, I always go into incognito mode.

I created a dummy linkedin profile exactly because of this. I kept getting notifications that an ex from 5 years ago was constantly looking at my profile.

Linkedin is so scammy.

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

#546

Post by tajen »

driverdan wrote: post #494
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.

Oh, the irony. AMA comments on HN by employees of companies in the news are usually very well received. We naturally give a chance and the benefit of doubt. LinkedIn may have especially pissed off developers since we have so many headhunters after us with high margins. It looks like a MS person logging in a Linux forum under the era of Steve Ballmer.

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

#547

Post by city41 »

matt_wulfeck wrote: post #279

Am I the only one that likes getting email from people who want to give me a job? I use a separate email and filter the messages out of my inbox. I go in there every week or so and see what's around. For recruiters I think are genuine and are working on cool projects I just politely say I'm not interest right now but feel free to reach out again later. It's good to see there are people interested in my talents and wa…

I always respond to thoughtful recruiters. The ones who look into me a little bit and present a job that matches me in some way. They are always welcome and appreciated.

But I've never once gotten that from a recruiter that contacted me through LinkedIn. I'm surprised to hear you have. Recruiters from LinkedIn just spam everyone they can get a hold of and see what sticks.

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

#548

Post by toomuchtodo »

codesushi42 wrote: post #542
weeksie wrote: post #538

Earlier quoted context omitted.

Actually, basic economics says that wages tend to be sticky.

/Average wages/. On a macro scale. That's not the same situation. Of course you're going to see the $150-200k premium for engineers fall once startups, funding, and jobs disappear. It's already happening in the form of cutting RSUs and bonus packages. And it has happened before. Why is it so hard to understand this?

Because most people here weren't around for 1999-2001.

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

#549

Post by monomyth »

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…

http://abc7news.com/realestate/chinas-elite-buy-bay-area-pro... http://www.sfchronicle.com/business/networth/article/How-do-... http://www.bizjournals.com/sanfrancisco/blog/real-estate/201...

and so on

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

#550

Post by toomuchtodo »

neelborooah wrote: post #506
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…

As an engineer working at a "well-funded" startup, how can I prepare for the worst?

Have 6-12 months in an emergency fund and be prepared to move out of SF if you'll burn through all of that fund.
Post reply on HN