The Reason People Love LinkedIn Is Why It Doesn’t Work

[marmar]

from 24/7WallStreet:




The Reason People Love LinkedIn Is Why It Doesn’t Work
Posted: August 5, 2011 at 6:32 am


More and more people have joined LinkedIn (NASDAQ: LNKD), the professional social network. These people either like to see powerful people on their friends lists, or they are looking for jobs

LinkedIn said revenue rose 120% in the last quarter to $121 million. Net income rose slightly to $4.5 million. The company does not have much to say for itself in terms of margins. What Wall St. was excited about is that membership rose to 115.8 million, up 61% from June of last year.

LinkedIn makes money from the placement of advertisements on the pages of members. Revenue should grow if membership does.

The theory behind LinkedIn is that a circle of people built from fellow professionals will help them communicate about their business activities and aid those who are looking for jobs. Neither of those is entirely true. LinkedIn members often try to set relationships with powerful people they do not know, or barely know, simply to impress with their own lists. When these powerful people are approached, they often turn down invitations by refusing to respond to them. ............(more)

The complete piece is at: http://247wallst.com/2011/08/05/the-reasons-people-love-linkedin-is-why-it-doesnt-work/#ixzz1U9qAbF8z

[xchrom]

1. Interesting. Nt

[Bluenorthwest]

2. I do not respond to LinkedIn Requests

If I know the person well, I email them to say 'I am already on your list of contacts, and you on mine, hence this email'. I tell them to cease with the LinkedIn thing. Hate it.

[marmar]

3. I have a LinkedIn account.....but I get really sick of the requests.

nt

[ellenfl]

5. i broke down and repiled to one because the request came

from one of my condo board directors. she controls too much already. i want to get on her good(?) side. i may never look at it!

ellen fl

[Stinky The Clown]

4. My only social network presence is right here on DU.