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Not super surprising. The majority of their revenue comes from recruiters, and I expect the majority of paying recruiters are in tech. So any downswing in tech
by jldugger 11y ago
Not super surprising. The majority of their revenue comes from recruiters, and I expect the majority of paying recruiters are in tech. So any downswing in tech will be substantially felt. Especially for a firm whose earnings are negative, losing growth is bound to be a problem.
On a related note, how much of Facebook's mobile revenue is for mobile apps? Should we expect a similar decline as the economy declines further?
- mc32 11y agoI'm sympathetic to your post, except the last bit. Where do you see the [broad] economy declining, only sector I know declining is energy.
- debacle 11y agoEnergy always takes a massive hit when oil is low.
- jldugger 11y agoI'm not clear if we're in good or bad shape. Exporters are in trouble: strong dollar, failing overseas economies, etc. Declining S&P500, bonds prices rising, etc. Market prices are still overvalued, as well =( http://www.multpl.com/shiller-pe/ http://www.multpl.com/shiller-pe/ IBM, Intel, HP, etc are all declining, as well as retailers like Wal-Mart. Obviously the jobs report is welcome news, so maybe I just have an overly pessimistic outlook.
- jonknee 11y agoThe US is currently adding jobs and adding jobs in tech, their issue is probably competition (LinkedIn is not the only game in town). Mobile revenue was 80% of Facebook's revenue in Q4 2015. Update: after looking at their revenues they might also have some currency troubles, they have far more international revenue than I would have guessed (~38%).
- wlesieutre 11y agoWhat are better alternatives to LinkedIn? I'd be happy to abandon it.
- ralphc 11y agoWhat are the other games, I'd be interested in checking out a (viable) LinkedIn competitor.
- phowat 11y agoThe only other one I know of is XING.