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

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

#41
LinkedIn is turning into such a mess.

There is no etiquette. Recruiters just spam random people for connections. Users share stupid things that belongs on Facebook. Groups are almost unusable. I'm not even getting into all the dark patterns to crawl users' mailbox and contact list, deceiving "connect" links that actually invite a person who is not even on LinkedIn, etc.

I don't think I ever got a single job through LinkedIn.

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

#42
post #31
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 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.

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

#43
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.

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

#44

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.

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

#45

Not super surprising. The majority of their revenue comes from recruiters, and I expect the majority of paying recruiters are in tech. So any downswing in tech will be substantially felt. Especially for a firm whose earnings are negative, losing growth is bound to be a problem. On a related note, how much of Facebook's mobile revenue is for mobile apps? Should we expect a similar decline as the economy declines furth…

The US is currently adding jobs and adding jobs in tech, their issue is probably competition (LinkedIn is not the only game in town).

Mobile revenue was 80% of Facebook's revenue in Q4 2015.

Update: after looking at their revenues they might also have some currency troubles, they have far more international revenue than I would have guessed (~38%).

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

#50
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.

I wonder if the domain name for this wry old industry observer is for sale : https://en.wikipedia.org/wiki/Fucked_Company

It's still owned by the same guy. http://fuckedcompany.com
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