I've been a LinkedIn user for several years and grateful to have many,
many people with whom I've made the decision to link with. I also do a daily business broadcast and one of the stocks that has made news over the past week is LinkedIn.
On April 30 LinkedIn stock was going for $252.13 a share. Today the price has plunged to $198.20. Why? The company shared user data which indicates a growing trend in users year over year however the professional networking company reported lower than expected guidance for the next quarter, leading to a significant drop in its stock price. Still falling as of today.
LinkedIn says it is the strong dollar that is giving it troubles. However, we're wondering if the shine might be gone because many active users, me included, wonder if we can trust the information LinkedIn provides.
Take for example their newer method of helping you keep in touch with your LinkedIn connections. You've all seen the box that gives you tips on who has a new photo, a new job or a promotion. Trouble is many times that information is not correct or it's simply confusing.
Rather than clicking "Congrats" and moving on. I like to click on the members profile when I'm told they have a new job only to learn they have been on the same job for years and only recently updated some information. Yet there is a string of "Congrats!" in the member profile.
Value can often be linked to trust. If I can't trust the information LinkedIn is giving me how much value can I place on the product?
So, what's your LinkedIn experience like. I'd be interested. Perhaps I've got this all wrong.
Thanks for reading!