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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

#331

Post by spinlock »

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…

OMG!!! Why would you give away such a brilliant idea. Someone is goign to steal it.

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

#332

Post by ryanSrich »

cpprototypes wrote: post #327
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…

For the bay area, I think compensation drop will be far worse. The base salary of bay area companies has never been that impressive. Even the big tech companies like Google and Facebook, base salary is not much more than other regions. The impressive compensation numbers are always because of bonus+RSU. These will probably be massively reduced or even eliminated completely if the tech downturn gets bad enough.

Tech employees making $200k+ are the only ones who can afford a $4k per month apartment in SF. If salaries drop then rent drops. I don't see this being a bad thing.

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

#333

Post by rrdharan »

ngrilly wrote: post #262
aridiculous wrote: post #246

A lot of LinkedIn hate, but no comment I've read acknowledges that LinkedIn (in some fields, and growing) has replaced the resume. It's almost a universal format — there's a lot of value in that. I can just give someone this standard URL instead of creating some crazy word doc with weird indentations.

Except for the fact that people CANNOT see your resume if they are not paying users of LinkedIn and not connected to you or your contacts.

That's not true. There are settings in your profile that you can use to control exactly how much of your profile is visible to people not directly connected to you. e.g. My profile is entirely public (you still need to have a LinkedIn account in order to actually view it, but we don't need to have any degree of connectivity):

https://www.linkedin.com/in/rameshdharan

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

#335

Post by twblalock »

ryanSrich wrote: post #332
cpprototypes wrote: post #327

Earlier quoted context omitted.

For the bay area, I think compensation drop will be far worse. The base salary of bay area companies has never been that impressive. Even the big tech companies like Google and Facebook, base salary is not much more than other regions. The impressive compensation numbers are always because of bonus+RSU. These will probably be massively reduced or even eliminated completely if the tech downturn gets bad enough.

Tech employees making $200k+ are the only ones who can afford a $4k per month apartment in SF. If salaries drop then rent drops. I don't see this being a bad thing.

Two engineers with average compensation could split at apartment at that price, and many do. So do married couples with dual incomes.

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

#336

Post by spinlock »

refurb wrote: post #52
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 :)

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?

Try to avoid concepts like "fair" and "unfair" when dealing with the market. I think this correction is an over-reaction to the guidance and the stock looks like a good buy to me right now.

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

#337

Post by lfowles »

Johnny_Brahms wrote: post #325
fnordfnordfnord wrote: post #237

Earlier quoted context omitted.

Nothing against the kids, but they need to play by the established rules; not undercut established juice franchisees who've invested considerable funds to purchase local franchise rights.

First it was all the immigrants. Now it's the kids stealing our jobs.

Our kids have _always_ been stealing our jobs. Literally sending us off to retirement homes.

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

#338

Post by TallGuyShort »

quandrum wrote: post #224
TallGuyShort wrote: post #44

Earlier quoted context omitted.

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 oft…

Regarding 1, it also want uncommon to hear advisers in my college giving students advice to the effect of, "You remember that 'Hello World!' code you wrote on MIPS? Now you can put x86 assembly language programming on your resume!" I just ignore lists of skills regardless of location.

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

#339

Post by laxatives »

jalonso510 wrote: post #259
laxatives wrote: post #56

What does this mean for Connectifier, the company LinkedIn acquired hours before markets closed yesterday (and before after-hours trading caused LNKD to slide 40%)?

Depends on the term of the merger agreement. But if the price was paid in stock and the exchange rate was fixed before today (which would be typical), then yes, they would have taken a big hit too.

As someone who previously worked for Connectifier, that's really unfortunate. Hopefully LNKD recovers...

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

#340

Post by kale »

rspeer wrote: post #266
uptown wrote: post #43

Earlier quoted context omitted.

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.

I see newer social networks that are taking the LinkedIn playbook and making it even worse. As a recovering academic, I find myself getting incredibly scummy e-mails from ResearchGate which actually purport to be from people I have done research with, putting their name as the sender, without that person even taking any action to send the e-mails. It's a spamming/phishing tactic that for some reason hasn't gotten the…

ResearchGate seemed nice for a week. It showed every time a paper quoted one of mine, so it was a small confidence boost to know my older stuff is being read.

Then they sent an e-mail with pictures of me, and said "are any of these people you?" Apparently RG thinks I need a photo so bad, it tried to search for one on the internet, and asked for confirmation.

It's not a huge deal in the grand scheme of things, but it is creepy.

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