LinkedIn shares drop 40%, erasing $10B of company's value
businessinsider.com
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
#2[deleted]
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#3Because of Facebook Work I think.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#4Sounds 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.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#5Sounds 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.
Everyone is taking a hit right now, but especially companies priced on growth that have been unable to meet their numbers (LinkedIn just had a bad quarter and released lower guidance). It's a really bad time to not meet your numbers.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#6Because of Facebook Work I think. https://work.fb.com/
I don't think Facebook for work competes with LinkedIn's core business at all. It's a different product.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#7Sounds 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.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#8And they said I was a fool to short it a couple of weeks ago.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#9Linkedin 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.
Re: LinkedIn shares drop 40%, erasing $10B of company's value
#10Because of Facebook Work I think. https://work.fb.com/
I don't think Facebook for work competes with LinkedIn's core business at all. It's a different product.
I think the threat's definitely there. Facebook wants to eat everyone's lunch, and they're basically knocking on doors in LinkedIn's neighborhood.
LinkedIn can be described at the 'Facebook for business', it doesn't feel like a stretch that faceboook might someday want to become the facebook for business.