Has LinkedIn lost its vision?
Noting LinkedIn’s (NYSE:LNKD) plunge from $269 to $110, a past employee says the company has “forgotten the unique ‘fuel'” that powers its machine: its members and their willingness to update their profiles.
According to the post, 62.5% of LinkedIn’s revenue depends on members keeping their profiles up to date. Instead, it has become a business-card proxy; even LinkedIn employees appear to be lax in updating their profiles.
“Outside recruiters still use LinkedIn as part of their recruitment process, however in-house recruiters that I have talked to get better results with Indeed.com (owner: OTCPK:RCRRF). With Indeed.com, recruiters know a person is actively looking, the resume is actively updated, and there is much more detail when compared to a LinkedIn profile.”