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

31–40 of 663 posts

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

#31

Post by gist »

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 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 course depends on the definition of "know" which with linkedin means literally nothing.

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

#33

Post by fudged71 »

darkhorn wrote: post #13
sumitgt wrote: post #6

Earlier quoted context omitted.

I don't think Facebook for work competes with LinkedIn's core business at all. It's a different product.

What is the difference?

FBWork is for internal company communication. Does it let you connect to others externally? Does anyone use LinkedIn for internal communications?

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

#34

Post by hnbrox »

dawhizkid wrote: post #22
hardwaresofton wrote: post #12

Earlier quoted context omitted.

Some examples? I can't remember any big scandals...

Really? They just settled a lawsuit for $13 million for spam: http://time.com/4062519/linkedn-spam-settlement/

i almost wish they spammed me so i could get some free money. i don't get hardly any mail from them.

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

#35

Post by kyllo »

hardwaresofton wrote: post #12
jacquesm wrote: post #9

Linkedin is a terrible company, I've always resisted making a profile there because I think that to support a company like that in name is to give them a free pass on their despicable behavior. No matter though, I still receive their spam on a daily basis, but that's nothing a filter rule can't take care of.

Some examples? I can't remember any big scandals...

Well, they had a security breach in 2012 that leaked 6.5 million unsalted password hashes:

http://techcrunch.com/2012/06/06/6-5-million-linkedin-passwo...

They have also been sued for stealing users' e-mail address books and spamming all their contacts with invites:

http://www.wired.co.uk/news/archive/2013-09/23/linkedin-sued...

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

#36

Post by swingbridge »

LinkedIn is full of people trying to get people to pay attention to them... but the people they are trying to impress aren't really on LinkedIn (they have a profile but that's it... they don't use it as an actual social platform).

In that sense LinkedIn is mostly a wasteland.

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

#37

Post by TallGuyShort »

darkhorn wrote: post #13
sumitgt wrote: post #6

Earlier quoted context omitted.

I don't think Facebook for work competes with LinkedIn's core business at all. It's a different product.

What is the difference?

LinkedIn is primarily used to professional networking outside your company. Keeping in touch with ex-colleagues, recruiting, sharing industry-specific posts, etc.

Facebook at Work is aimed at internal networking, so communication among large teams, company news / communication, etc.

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

#38

Post by hnbrox »

tptacek wrote: post #7
Inthenameofmine wrote: post #4

Sounds like the bubble is bursting. The established companies whose valuation was based on multiples of future growth are taking the hit, getting in line with more traditional multiples of current revenue.

https://hn.algolia.com/?query=bubble%20burst&sort=byDate&pre...

"apparently idioms exist"

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

#39

Post by tribune »

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.

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

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

#40

Post by elbigbad »

hnbrox wrote: post #34
dawhizkid wrote: post #22

Earlier quoted context omitted.

Really? They just settled a lawsuit for $13 million for spam: http://time.com/4062519/linkedn-spam-settlement/

i almost wish they spammed me so i could get some free money. i don't get hardly any mail from them.

I don't get hardly any mail from them, either. It's several times a day "updating" me on my contacts, even after I have unsubscribed several times.
Post reply on HN