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

businessinsider.com

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

#221

Post by kbenson »

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…

I would be interested in seeing how this plays out, considering cops occasionally shut down lemonade stands for not having permits[1]. This was not an isolated incident[2].

1: http://www.cnn.com/2015/06/11/politics/lemonade-stand-shut-d...

2: http://www.lemonadefreedom.com/category/selling-lemonade-is-...

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

#223

Post by kbenson »

gohrt wrote: post #124
yelnatz wrote: post #117

Earlier quoted context omitted.

I fell for this a couple of times. They grabbed my friends email and created a fake profile for her. When I clicked connect, I thought I would invite her to my network, but it ended up with an invite to LinkedIn to her email.

That is an invite to your network. The difference is that you were not aware of how interested in LinkedIn the contact was, and you were not aware you were ALSO inviting her to join LinkedIn

The difference is that sending a request to someone within the social network to form a connection in that social network is different than sending an invite to someone's separate social network (email), which encourages them to join a whole new social network are two separate actions, and to represent one while doing the other is a bait-and-switch. This is a problem because they have separate social and cultural expectations, so you may feel comfortable doing one and not the other.

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

#224

Post by quandrum »

TallGuyShort wrote: post #44
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.

I wonder if that's why the manager of a Grease Monkey endorsed me for parallel algorithms... I see bogus endorsements so often.

I think endorsements mean two things usually:

1.) Your good at gaming the system. In college, it wasn't unusual to see entire classes sit down, connect, and endorse for everything you had "skills" added for. Bam, hundred of endorsements.

2.) Your connected with people who are a combo of being a bit clueless and want to be nice. It prompts you to endorse people all the time. Like my sibling comment's anecdote, you often get endorsed for random things from random people who have no clue what the skill is, but want to be nice.

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

#225

Post by dave2000 »

pen2l wrote: post #188
alonmower wrote: post #151

Earlier quoted context omitted.

I've noticed a lot of user hostile behavior like this from all of the large public social companies (LinkedIn, Twitter, Facebook, etc...) It's really a shame but I think that when your business is built off of trying to monetize user engagement with ads and you're under the scrutiny of the public market it's only a matter of time before this starts to crop up. I imagine there are/were many people at all of these comp…

> I've noticed a lot of user hostile behavior like this from all of the large public social companies (LinkedIn, Twitter, Facebook, etc...) It appears so. This is amusing to me -- because when I was involved in a startup setting 2 years ago, I remember distinctly having conversations with my coworkers about the frequency of emails we were sending. We argued against sending too many emails because it would waste the u…

I don't get any emails from Facebook. Have you not set up the account the way you like it? Do you still have stock wallpaper, ringtones etc on your devices? I find out about events in Facebook at the right time; when I'm using Facebook.

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

#226

Post by orf »

To all the people with LinkedIn accounts who are complaining about the spam and the dark patterns here's an idea: don't have a LinkedIn account. Simple.

I've never had one and never will. I've had a few contact requests but they go right in the bin. From the number of calls/spam emails my coworkers receive via LinkedIn it makes me wonder why people are on the site at all. Sure if you want crappy low quality job offers from lazy recruiters then its good, but otherwise...

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

#227

Post by eternalban »

Just a friendly hint for resident Smarty pants young things:

This is it. Competition in the field is (intellectually, conceptually, practically) ground level ho hum regardless of names/numbers. Be fearless. Think Uber for people.

('it' being the next google scale market).

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

#228

Post by kgwgk »

therein wrote: post #139
mrweasel wrote: post #104

Earlier quoted context omitted.

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?).

Umm, did you read the earnings report? They are hardly losing money.

That depends on your definition of "losing". Ignoring stock based compensation (almost 20% of revenue if properly accounted for using GAAP) helps to get the "adjusted" net income into positive territory.

http://www.nytimes.com/2015/06/21/business/high-tech-fantasy...

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

#229

Post by uremog »

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…

I hear Jamba Juice is seriously lobbying against these "rogue juicers".

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

#230

Post by dave2000 »

mey wrote: post #42
gist wrote: post #31

Earlier quoted context omitted.

I have literally several hundred request from random people to become a contact. Linkedin (years ago) lost what it had which originally attracted me to the service. That was some kind of real and exclusive way to have contacts that you either knew or you felt would be beneficial in some way. The biggest joke is the entire concept they have of using a connection to connect you to someone else who they know. Which of c…

They have also made it over time exceptionally hard to deny a connection request. It used to be in the e-mail notification, then it wasn't and on the profile page, now it seems to only be in the event/notification drop down from your home page.

Eh? Just ignore them. No need to actively deny anything. My attitude; it's just LinkedIn. Accept everyone, you never know when someone will be useful in finding you a job, which is all I use LinkedIn for. Turn off all email notifications and just add to spam any you do get. I get emails from recruiters all the time and they're in my spam folder too. I'll take them out/search spam when I next need a new job.
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