Home
>
Traffic Building
>
What is all the Buzz about LinkedIn and Does It Work?

What is all the Buzz about LinkedIn and Does It Work?

Have you received invitations to join an online networking website? These new websites have created quite a buzz as the next big thing. People brag about having thousands of 'links' on LinkedIn.com. But this article attempts to explain what value, if any, derives from these networks. Basically, people are driven by the system to forge networks with complete strangers. One of the founders of LinkedIN, Konstantin, posted a message on another forum that was filled with idealistic platitudes that do not match the reality of LinkedIn. Here is my response to him.

KONSTANTIN: the feedback our customer service receives indicates quite clearly that most regular business people are taking aback when receiving invitations from strangers.

MIKE: Simply put, those business people do not belong in LinkedIN. People who want to be a remote island and only hear from people they know are not part of a network. They are discrete modules and demonstrate they are ignorant of the value in expanding their network, yes, to complete strangers who have better ideas, fresher ideas, and innovations they have not considered yet.

KONSTANTIN: The practice of inviting other users to connect even though they are strangers is bad for everyone-it undermines among casual users the trust in LinkedIn as a useful tool, and it doesn't help thee sender's reputation either. If not at least 80-90% of existing LinkedIn users accept your invitations, think about what this is doing to your reputation.

MIKE: LinkedIN creates its own frenzy to accumulate strangers into networks by limiting people to see only profiles of those who are in 4 degrees of the user. There are over 3.5 million users of the system, but, for example, I can only reach 2 million of them. What am I missing in the other 1.5 million? I don't have any contacts to top-tier investment banks or hedge funds, and in order to develop even a contact name, I, like every other user of LinkedIN, have to reach out to strangers who have third degree contacts with the type of firms I want to reach.

From the outset, LinkedIN intentionally sought to undermine the value of having only closely affiliated friends and colleagues in a network by limiting the ability of people to see beyond their narrow circle. There is no reason that a general search should not cover EVERY SINGLE profile in LinkedIN. By limiting us to the fourth degree contacts, everyone has an incentive to do whatever is necessary to bring the fourth degree contacts up to the total 3.5 million users if possible.

Again, if there are people who don't want to be contacted, they really have no business joining LinkedIN. It detracts from the rest of us who actually know the value of a network and of networking --- which means expanding the size of one's network.

KONSTANTIN: Other sites have failed to attract a business audience beyond networkers-LinkedIn is the first that appeals to the broad segment of relationship managers. We are trying to create the biggest possible tent and tolerate all behavior that falls within the bounds of the LinkedIn user agreement. Most of our users only invite people they know well. However, if a small minority of 1,000's of users doesn't show respect to the majority of millions and it affects how LinkedIn is perceived by mainstream business users, we will be forced into the awkward position of bouncer to protect our users from people violating the LinkedIn user agreement.

We have VPs or CEOs of 498 of the Fortune 500 on LinkedIn-I don't see them inviting strangers to add some links to their connection. If we want toemulate successful business behavior, let's start by studying those who have made it to the top . . .

MIKE: When someone reaches the level of VP or CEO of a Fortune 500 company, he or she has a built-in network and does not need to use LinkedIN, period. But for the small businessman, and those who aspire to be more than what they are today, then your LinkedIN system distorts preferences to the point that it gives every single user significant incentives to add as many strangers to his network as possible. It is all because you will not allow users to reach out and contact other users directly, and because you limit the results that show up in searches to only four degrees. Honestly Konstantin, did you put ANY thought into the limitations of your system before you launched it on the web? No wonder I have a problem getting many of my past co-workers to join LinkedIN, because they perceive it as a gimmick with no value, since their own narrow circle of friends cannot provide the business opportunities they seek.

Michael is a trilingual (English, German, French) transactional lawyer and financial manager with fifteen years experience and legal expertise in the areas of mergers, acquisitions, and divestitures; securities regulation and hedge fund creation; and deal structuring / business transactions. To further compliment his legal skill set, Michael is an experienced investment banker having worked within the top tier investment banks, namely Credit Suisse First Boston and Deutsche Bank, for an international clientele. He played an instrumental role in developing an index-tracking fund and answered technical questions on fund management marketing calls. He advised clients on pre-IPO investments, stock repurchases, and using structured finance products to manage risk. More recently, he directed the risk management and financial control groups for two trading floors.

See his web page at http://riskmgmt.biz

taxi to O'Hare Belle Rive .. Lockport Chicago limo O’Hare

In The News:

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

The number of people affected by a UnitedHealth data breach in February 2024 was actually higher than previously reported and was the largest medical data breach in U.S. history.

A phishing campaign uses Google Calendar to schedule fake meeting invitations that appear legitimate, redirecting targets to phishing sites.

Toll road text scam: Fake messages claim unpaid fees, seek payment via fraudulent links. Kurt “CyberGuy" Knutsson says this scam is becoming increasingly sophisticated and widespread.

Kurt “CyberGuy" Knutsson says these steps ensure that your friends and family get to the exact moment you want them to see. Try it out and streamline your sharing experience.

Tech expert Kurt “CyberGuy" Knutsson offers tips on how to protect your identity: Be vigilant, monitor accounts, use smart security, know theft response.

Tech expert Kurt “CyberGuy" Knutsson says cybercriminals are exploiting iMessage phishing protection, tricking users to reactivate links.

It's hard to imagine life without in-flight Wi-Fi these days – but sky-high web surfing comes with its own set of privacy concerns. Here's how to protect yourself.

Over 400,000 cases of credit card fraud were reported in 2024 to the Federal Trade Commission. The CyberGuy explains how to protect against becoming another victim.

A nondescript metal box transforms into a fully functional electric motorcycle that blurs the line between vehicle and urban infrastructure.

Many apps unrelated to location still ask users for tracking permission, and Texas Attorney General Ken Paxton has filed a lawsuit seeking to end this alleged practice by Allstate.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Melody, the artificial intelligence-powered robot, is life-sized and represents a move toward creating robots that resemble people in appearance and interaction.

Here are five easy smartphone rules from the National Security Agency that you can follow to better protect your mobile device from hackers and scammers.

A U.S. robotics company has developed "Jennie," a robotic pet powered by artificial intelligence that's designed to comfort those facing mental health challenges.

Healthcare records for more than 184 million Americans were breached in 2024, but you can take steps to minimize that risk. Kurt the CyberGuy explains.

The Skyrider X1 from Rictor claims to be the "first amphibious flying passenger motorcycle," and it combines land and air travel in one sleek design.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Home inventory and restoration apps help itemize and track every item in your home in the event you have to make an insurance claim after a natural disaster.

The White House launched a new cybersecurity safety label, the U.S. Cyber Trust Mark, intended to help consumers make informed decisions on smart device safety.

Today's tech can help make life so much easier — if you know how to use it. Here are a few tips on the quickest and best ways to make your phone, laptop and other devices work for you.

Tech expert Kurt “CyberGuy" Knutsson offers Windows 11 restart fixes: Update drivers, run system scans and check hardware.

Sony and Honda's Afeela 1 EV launches with advanced tech and entertainment for $89,900. Tech expert Kurt “CyberGuy" Knutsson gives his takeaways.

With limited hard drive space, tech expert Kurt “CyberGuy" Knutsson offers these tips for storing large video files and photos.

Tech expert Kurt “CyberGuy" Knutsson says the $236,000 Yangwang U9 electric hypercar boasts 1,287 horsepower and can jump obstacles.

What is all the Buzz about LinkedIn and Does It Work?

Traffic Building