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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

#71

Post by snarfy »

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.

> because somebody uploaded the email address

You mean they scrapped it from your email account because you clicked on one of their links in your email.

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

#72

Post by wstrange »

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.

Email from my 88 year old Father:

"I am on linkined now. What do I do?"

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

#73

Post by jey »

Angostura wrote: post #65
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 used to give guidance about what 'know' meant and I still adhere to the 'I will only link with you if I have properly worked with you' line. The fact that few other people do have devalued its use.

At some point, LinkedIn changed its mind and decided that you should connect to anyone you're barely acquainted with and/or have exchanged an email with. They're actively encouraging forming these "devalued" links. They even use shady practices like borderline forgery of invitations.

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

#74

Post by Angostura »

swingbridge wrote: post #36

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.

Annoyingly, they removed the most useful bit (for me) several years ago in terms of getting work.

LinkedIn Answers was a bit crappy, but I used to spend quite a lot of time giving good detailed answers to people. That ended up with a few short consulting gigs that we quite fun "Could you come and sort this out for me".

They never built on LinkedIn Answers, let it stagnate and then killed it. It was much better than the stupid Groups system.

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

#75

Post by rm_-rf_slash »

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?

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.

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

#76

Post by jey »

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...

Hm, would be fun to see a plot like Google's n-gram viewer of HN's use of the phrase "bubble burst" over time.

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

#77

Post by financedfuture »

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...

Instead of using an ignorant sarcasm, take a look at facts and formulate an argument:

http://etfdb.com/etfdb-category/technology-equities/

http://venturebeat.com/2016/01/18/there-are-now-229-unicorn-...

http://www.bloomberg.com/research/sectorandindustry/industri...

http://www.bloomberg.com/research/sectorandindustry/industri...

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

#78

Post by pkaye »

vitd wrote: post #67
shogun21 wrote: post #61

Earlier quoted context omitted.

My Mom asked me if I was recently on LinkedIn. Apparently they emailed her after I made some new connections. I turned off all email notifications and despise the fact that they email my contacts about my activity.

Just curious - why did you give them your contacts? I've been on it for years and have never uploaded a single contact. I've just manually connected with people I know. Whenever a service asks for my contacts, I know it's because they want to spam them.

They have some tricks on how things are placed on your personal page so you accidentally import your contacts. I've almost done so a few times.

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

#79

Post by rvense »

tosseraccount wrote: post #24
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.

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

We need that site back.
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