LinkedIn shares drop 40%, erasing $10B of company's value • Hacker News Board

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

#101

Post by pen2l » Fri, Feb 05, 2016, 5:26 PM UTC

uptown wrote: post #43

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.

Or how about the phony "people you may know". They suggested I may know my 4 year old Niece because somebody uploaded the email address created for her into their system. She definitely doesn't have a LinkedIn account, but they portray a profile-photoless "shadow profile" as-if she does.

That happens to me too. But you know who is a thousand times worse than Linkedin when it comes to these things? Facebook.

At this point, I honest /just/ /don't/ /know/ how to stop getting emails from them. In my entire life I've only had a facebook account for a few hours (created one out of necessity a few years ago -- closed it after just a few hours of use at that time). And I still get emails. I've clicked unsubscribed probably fifty times by now, but I still keep getting emails. I just don't know how to stop it. Incidentally this is one of the reasons I cheer for blackhats taking shots at Facebook, I'd love to see the behemoth shot down. They don't respect me or my time, I don't respect them.

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

#102

Post by refurb » Fri, Feb 05, 2016, 5:26 PM UTC

rm_-rf_slash wrote: post #75

refurb wrote: post #52

Earlier quoted context omitted.

No sure I understand. Wall Street had certain expectations of LinkedIn's growth. That was reflected in the stock price. I was incorrect. Q4 earnings were great, it was the fact that LinkedIn released 2016 guidance that was far below market expectations. [LinkedIn released their earnings and they were way below expectations, so the stock took a massive hit.] Does that seem unfair to you?

Imagine if I bought "stock" in your job. I monitored your performance and set expectations for your work. You fail to meet those expectations, so as the majority shareholder of your job, I have you fired and replaced with someone else. Or you underperform once and I use this threat every single review. That's how Wall Street ruins good business.

I'm not sure I agree with your "bought stock in your job" example.

A better analogy would be: - your performance is great - your boss tells you that you'll get a promotion next year if you keep it up - your performance takes a turn for the worse - your boss tells you your performance is worse and lets you know that the promotion next isn't a sure thing

The stock market is a market that allows people to buy and sell stock at the price they see fit. The market should reflect all available information. I don't see any reason why LinkedIn's stock shouldn't plummet if suddenly their growth prospects went from "spectacular" to "so-so".

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

#103

Post by skj » Fri, Feb 05, 2016, 5:26 PM UTC

simonswords82 wrote: post #80

overcast wrote: post #66

Wonder how this guy feels with 5% of his families investments being in LinkedIn http://www.fool.com/investing/general/2016/02/01/3-reasons-l...

About 40% poorer I reckon.

2% poorer?

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

#104

Post by mrweasel » Fri, Feb 05, 2016, 5:26 PM UTC

HelloNurse wrote: post #59

The idea that LinkedIn has enough market value to be able to lose $10B of it makes me sad.

Yeah, I would like to see someone justify the market value of LinkedIn. They seem to be losing money, and they have over 9000 employees (doing what exactly?).

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

#105

Post by nathanielc » Fri, Feb 05, 2016, 5:27 PM UTC

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 created my account so they would stop sending me so many invite emails. At least with an account I have some control over what they send me :(

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

#106

Post by ones_and_zeros » Fri, Feb 05, 2016, 5:27 PM UTC

mrfusion wrote: post #51

tribune wrote: post #39

Earlier quoted context omitted.

Absolutely. Every time I log on, I feel like I'm going to accidentally email my entire contact list.

I did that one time! I changed my title on my profile. It emailed everyone I know sayin I got a promotion :-(

That JUST happened to me.

No, auntie, I'm not celebrating my promotion tonight, but thanks for the congratulations.

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

#107

Post by pauloday » Fri, Feb 05, 2016, 5:27 PM UTC

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.

At our company we kept getting emails from them on email addresses that are only used to send data to our service. This was starting to become a problem, so we called them up and asked them to block that domain. They said no. Eventually they said they'd blacklist the email addresses individually. Our response was "OK so we're going to send about 20,000 email addresses for you to blacklist, and probably about 1,000 more every 2 months or so". They blacklisted our domain.

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

#108

Post by mrweasel » Fri, Feb 05, 2016, 5:28 PM UTC

Hermel wrote: post #99

jonathanehrlich wrote: post #29

Just another reminder to never ever build your company for Wall street. In 2004, Netflix went from 40 to 2 in 6 months. Amazon from 89 to 5. There are entirely zero competitors to Linkedin right now (FB is nowwhere in the space). And while i agree the product has stagnated a bit - this in my view is another example of Wall Street's insanity. (and no, i don't own any shares :)

In Europe, xing is actually more popular than linkedin. So there is serious competition.

I think that's country specific. I'm in Denmark and I never heard of Xing.

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

#109

Post by mythz » Fri, Feb 05, 2016, 5:28 PM UTC

Hoping to also receive 40% less spam from them too. LinkedIn's an ugly company who's primary business model is social engineering and active exploitation of their user base - sharing the bottom rung on the social ladder with recruiters (aka Customers) and their widespread indiscriminate spam and phishing attempts.

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

#110

Post by refurb » Fri, Feb 05, 2016, 5:29 PM UTC

pkaye wrote: post #89

refurb wrote: post #52

Earlier quoted context omitted.

No sure I understand. Wall Street had certain expectations of LinkedIn's growth. That was reflected in the stock price. I was incorrect. Q4 earnings were great, it was the fact that LinkedIn released 2016 guidance that was far below market expectations. [LinkedIn released their earnings and they were way below expectations, so the stock took a massive hit.] Does that seem unfair to you?

Has LinkedIn even had any positive EPS yet?

From what I can tell it has, but I'm not a financial expert.

It wasn't that the Q4 earnings weren't up to snuff, they were, they exceeded expectations. It's that LinkedIn lowered it's predictions for next year.

The job networking site said that revenue for first quarter of 2016 is expected to be $820 million and adjusted earnings per share will be 55 cents. For the full year, revenue is forecasted to be about $3.6 billion. Investors were discouraged by these numbers, because they were expecting $867 million in revenue for the current quarter and $3.9 billion for the full year.