<![CDATA[Gawker: valleywag, valleywag, linkedin]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, valleywag, linkedin]]> http://gawker.com/tag/valleywag/linkedin http://gawker.com/tag/valleywag/linkedin <![CDATA[5 Things We Wish We Could Undo on the Internet]]> Gmail has a new unsend feature — sort of like the broadcast delay in case Janet Jackson shows her nipple, but niftier because it's online! It made us think of other things people should undo.

Facebook Photo Unpost Ever regret drunkenly uploading that picture to Facebook? We know a couple of people who could have used this.

Twitter Undershare: Is there something you need to tell the entire Internet about? Actually, there probably isn't. But something about the message-broadcasting service seems to beg people to share too much, 140 characters at a time. You can delete posts, but they still end up sent to people's cell phones and indexed in search engines. Where's the "untweet" button?

Tumblr Unreblog: What happens when your girlfriend follows the same cutie you do on David Karp's kiddy blogging service, and notices your habit of reblogging the Tumblrette's every last quip, pic, and quote? Ah, for a way to instantly zap all of your reblogs! It's either that, or propose a threesome.

LinkedIn Snub: So you meet a "social media marketer" — i.e., someone trying to get paid to talk to their friends on Twitter all day — at a party. You grudgingly exchange business cards. The next day, you get the inevitable connection request on LinkedIn — even though you barely know the twit, let alone feel comfortable recommending their work. The feature LinkedIn needs: A way to politely acknowledge your interaction without actually exposing your whole list of industry connections to them.

Untexting: If AT&T, Verizon, Sprint, and T-Mobile can shuttle text messages from phone to phone through the magical ether, surely they can reach into your friends' devices and delete that hastily sent SMS before it's read and the damage is done.

Get to work, geeks! There's too much information on the Internet as it is. Time to make the world safe for undersharing!

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<![CDATA[LinkedIn loses a CEO, gains a Yahoo]]> Recessionary times should be glory days for LinkedIn, as people furiously network on the business-contacts website for scraps of work. But instead, it's LinkedIn CEO Dan Nye who finds himself out of a job.

LinkedIn's voluminous founder, Reid Hoffman (shown here), envisioned the site as the embodiment of his voracious appetite for meeting business partners. Social networks? Useless fluff, when everyone who walks through the door of Palo Alto's Coupa Cafe is someone Hoffman could hire, invest in, or strike a deal with.

Despite its business focus, LinkedIn has struggled to make money. Its main revenue stream, premium accounts for heavy users, depends heavily on recruiters, who are looking for jobs themselves these days. Under Nye, an experienced software salesman, the company toyed with becoming a so-called "expert network," an operation which matches up people hungry for knowledge with those who have it. Stock traders, especially, pay handsomely to talk to executives in companies whose shares they want to trade — a part of the business which can veer on breaking insider-trading laws, if contacts aren't carefully monitored.

Bain, the management-consulting firm, was so interested in the potential for this kind of matchmaking that it invested in LinkedIn's most recent $75 million round, which valued the company at $1 billion. But the ineptness of LinkedIn's middle management meant that the expert-network product never got off the ground. And the business as a whole badly missed the financial projections management had given investors, which infuriated Bain and others.

This may explain why Hoffman abruptly cancelled a trip to Japan, where he was due to speak at a conference, to oversee the company's recent layoffs. The company has hired a former Google executive, Dipchand "Deep" Nishar, and Jeff Weiner, a former top executive at Yahoo, has stepped in as its interim president.

Hoffman may have to do far more to save his company. A gregarious fellow who has invested in a host of startups, Hoffman is famously nice and good-hearted. And he prefers the dreamy work of strategy to the hard tasks of building a business. Is he prepared to fix LinkedIn? Or does he still think his company's problems can all be solved by making the right connections?

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<![CDATA[Guy Kawasaki writes his own blog — well, except that one really popular post]]> This is why people love Apple executive turned venture capitalist Guy Kawasaki, whether or not he knows what he's talking about. At a Commonwealth Club event, Kawasaki was asked about his insanely popular "Ten Ways to use LinkedIn." Watch him squirm for a minute before 'fessing up: LinkedIn flack Kay Luo provided Guy with his talking points for the post. "I really needed a post — it was four days!" Guy, next time feel free to raid our inbox. We get more helpfully-already-written posts than we'd ever imagined possible.

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<![CDATA[LinkedIn chairman avoids layoff talk in BusinessWeek]]> Reid Hoffman's heft regularly makes reporters turn to their thesauri for polite terms for "fat." BusinessWeek, to keep the tone of a new profile appropriately flattering, writes of his "expansive body." But the article is anything but expansive in its probing of LinkedIn's business. It focuses instead on how Hoffman is trying to figure out survival strategies for his portfolio of startups. Nowhere are LinkedIn's own layoffs mentioned. Instead, Hoffman implies that the employees he put out on the street should use the site to seek new careers: "Every individual is a small business." Not an expansive one.

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<![CDATA[LinkedIn founder cancels trip for layoffs]]> LinkedIn, the richly funded business-networking website, is indeed laying employees off today. (No numbers available yet; if you know more details, please send them in.) But we know of at least one person who's skipping sticking around for the cuts: Reid Hoffman, the company's chairman and cofounder. He's in Japan, speaking at a conference. A convenient absence. Hoffman is described by his underlings as generous and kind, but we hear he didn't oppose the layoffs. We also notice he wasn't kind-hearted enough to cancel his trip and console his employees in person. Update: We're now told Hoffman did cancel his trip to Japan for the conference, at the last minute.

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<![CDATA[LinkedIn to start layoffs today?]]> A tipster reports high drama at LinkedIn, the business-networking site. The company is funded in part by Sequoia Capital, the Valley's new high priests of doom and gloom — and, our source claims, Sequoia has told all of its portfolio companies to cut costs by 10 percent. LinkedIn's big-hearted chairman, Reid Hoffman (shown here), reportedly doesn't want to lay people off, but he and CEO Dan Nye are said to be engaged in a power struggle over this and other issues. Layoffs could come today — possibly an exercise in cleaning house rather than a reaction to the economy, though we hear LinkedIn has been missing financial milestones. Here's the tip:

Have you heard that Linkedin is going to be announcing layoffs [Wednesday]? Happy holidays I suppose. how much time do their employees have before they need to pack up their desks?
Linkedin runs scared during the down turn of the economy. If they've just raised all that money why are they doing layoffs? Or are they just cleaning house?

Linkedin last year canned their superman and then fired a director for comments made to a female employee....what else is going on behind those doors?

The CEO, is he really incharge or is Reid still incharge, you should ask the employees. They have a habit of hiring executives that have no experience in what they are suppose to be doing at linkedin. Let's take a look at the recent vp of hr Arvind, what hr experience does he have? Was he hired because he's a friend of reid? do they hire the right people to do the right jobs? Have you looked at their directors or vps?

I have close connections to the company. Sequoia is telling all their companies to get rid of 10% of their employee base. Reid doesn't want to, but can he stand up to Sequoia? Can the money LinkedIn raised disappear? Are they running scared with their tales between their legs? So what will they do, is this just the beginning? Why are they still hiring if they are doing layoffs? Who's on the top of the list? Any of their heavy execs? With offers just accepted by people to go to Linkedin should they be worried about the choice they've made? The new apps they released last week were weak. They had so many bugs in the new apps, and weren't even able to release all of them because of the bugs. Who's doing the QA work at Linkedin? Rumor is they lost their QA director recently too.

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<![CDATA[LinkedIn recommendation = you're fired]]> The old way to tell you're about to be fired: Your boss comes up to you, claps you on the shoulder, and acts all chummy. The new way to tell you're about to be fired: Your boss leaves a glowing recommendation for you. Revision3's Damon Berger got one from CEO Jim Louderback five days before he was laid off from the online-video startup. Damon, you should have gotten a clue when Louderback wrote that you could be "a great front-person for any organization."

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<![CDATA[Nasdaq tumble stops LinkedIn stock sale plan]]> Conventional Valley wisdom: The chaos in the public stock markets won't affect private companies, right? Wrong. In August, LinkedIn had set plans to let employees sell some of their shares to investors. Interest in the company had been keen, given its stated plans to wait to IPO rather than sell out. But the stock-sale plan was conditioned on the Nasdaq index staying above a certain level. It has since fallen through that floor, meaning employees will no longer be able to sell their shares. And we hear Bain Capital, a major LinkedIn investor who's backing the stock-sales plan, has the right to walk away if the Nasdaq doesn't recover by mid-October.

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<![CDATA[LinkedIn shuttle throws employees' privacy under the bus]]> A correction on our previous post about LinkedIn's financial woes: Contrary to our tipster's assertions, plenty of LinkedIn employees use the company-provided shuttle bus from San Francisco to Mountain View. The bus even has its own Twitter account. That account is private — but it links to a public, annotated route map on Google Maps. CEO Dan Nye and marketing VP Patrick Crane, among others, have their home addresses listed. Other employees have left notes, in plain view, about their commuting preferences. "Your privacy is our top concern," LinkedIn's privacy policy states. But if the company is so slapdash about guarding its own employees, can it really be trusted to protect users? Here's an embedded version of the map:


View larger map

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<![CDATA[LinkedIn: "Where the PR is hot but the business is not"]]> A LinkedIn tipster tells us that even as the all-business social network raised $53 million from Bain Capital and other investors in June, at a $1 billion valuation, it sought to pull in another $25 million from Goldman Sachs and failed. More damningly, he claims that CEO Dan Nye lied on-air when he told Fox Business earlier this summer that the company is profitable. Inside the company, it's known that LinkedIn has "now missed every financial objective set by Bain Capital after investing in us." The missed targets are not a secret, the tipster tells us, because paranoid managers spend a lot of time blaming each other in front of the minions. "It's a shame, "our tipster writes, "because it was a good company before it became so full of false confidence that it passed on the window of opportunity that was there to sell for good money." The best bit: LinkedIn now has its own commuter bus, like Google and Yahoo, running from San Francisco; it's not widely used by employees, so some joke that the bus exists so managers can throw colleagues under it. The full rant:

In the last 3 months the flying bullshit has gotten so thick that all of us below senior management have started to be able to systematically disprove half of what management tells us. Even management themselves change things they had formerly declared as factual.

If you ask any of the top three managers what our strategy is for an open API vs. threats from Google etc they will all three give you a different answer. Wait a week [and] ask again and then they all give new different answers.

We miss our objectives on every feature add, interface change, hardware move and anything else management declares. LIAP is a non-scaling disaster.

Worst of all we have now missed every financial objective set by Bain Capital after investing $50M in us. Not once but twice we have missed revenue and bottom line goals. The debate about who's fault this is is lively enough that one can tickle each manager for trouble and they will throw each other under the LinkedIn bus. (By the way management got a minibus to ferry almost no one to work from San Francisco because Google does it, (CEO penis envy) but the staff joke that the bus is to throw people under in this culture where the PR is hot but the business is not)

Missing numbers is not a secret, management stood up at an off-site in Monterey and said "we are going to every group and telling them the facts that we missed our goals again and that Bain is really mad" This is really comforting to the staff when the next day the same guy is on CNBCs websit saying we are profitable (not even close).

The only thing we seem good at doing on time is spending too much money. Management told us this summer that Goldman Sachs was investing $25M more in us and the details would be forthcoming. (said it was a done deal) (scared to death that we would need this) well I just learned GS said NO! 2 months ago, management just hasn't bothered to tell us.

It's a shame because it was a good company that had endured enough before it became so full of false confidence that it passed on the window of opportunity that was there to sell for good money.

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<![CDATA[Apple's iPhone chip plans leaked on LinkedIn]]> A senior chip design manager from PA Semi, Wei-han Lien, let a little light shine on Apple's plans for future generations of the iPhone and iPod by listing "Manage ARM CPU architecture team for iPhone" as his current gig on LinkedIn (Lien's profile has since been scrubbed from the site). CEO Steve Jobs had already let it be known that new Apple subsidiary would be working on chips for the popular mobile devices, and now we know that they will be basing designs on the same ARM architecture that Samsung licensed for the current batch, though with Apple's own proprietary improvements. PA Semi was known for crafting highly efficient, low-power chips. Other features, such as graphics and video processing and multi-touch controls, can also be embedded directly in CPU. Tighter integration with the surrounding electronics in the entire chipset can also be achieved with a custom design. As for PA Semi's role in supplying defense contractors with the company's famously efficient designs, not to worry — a contractor says he'll be able to provision chips popular in military applications for "four to five years."

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<![CDATA[Insider alleges massive turnover at LinkedIn]]> LinkedIn's jobs page gives off the impression that life at the business-networking website is one nonstop Rock Band jam session. But a clearly disgruntled, entertainingly foulmouthed tipster says that backbiting is the real office entertainment of choice. The company's operations department is "like a fucking morgue" after a "housecleaning," he says. Lloyd Taylor, the company's vice president of technical operations, a splashy hire from Google last year, seems to have generated more than his fair share of complaints. In company meetings, CEO Dan Nye and founder Reid Hoffman describe the ruckus as "culture changes." Embarrassingly for a company which says it helps employers vet job candidates and is trying to break into the recruiting business, these problems sound less like culture clashes and more like plain old bad hires. The tip:

What the fuck is going on over at LinkedIn again? They've lost 2 more directors in the past 30 days, for what looks like STUPID reasons. Simple crap like reprimanding employees for fucking things up. They lost their Director of Operations a few days ago, their Director of IT a couple of weeks back and Director of Business Operations. I've got it on good authority that there were some other housecleaning items done in the past few weeks as well within their Operations team. It's like a fucking morgue.

Word is that the employees are taking the upper hand with complaints against management, and that upper management is all too happy to get rid of people just before they hit their 1-year stock vesting. Don't get on the shit list of upper management or your time will come.

One guy in particular keeps coming up with people I talk with — Lloyd Taylor. he's the guy who came over from Google. And the door couldn't have hit him in the ass fast enough, and now that he's being told to go back and "play nicely" with the Google team, he's finding that he has no friends over there. They won't even deal with him any more. It sure looks like his frustration is being taken out on his management team.

I was present during a recent all-hands meeting where Dan and Reid made repeated references to "culture" and "culture changes", speaking as if they know they're changing in the wrong way. But this isn't the way to deal with it.

I hold so little hope for them any more. Just fucking sell to someone and get this over with already.

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<![CDATA[LinkedIn to follow its users around the Web with ads]]> LinkedIn Demographic Data Jun08Business networking site LinkedIn launched an online ad network today. The world doesn't need another online-ad network, which offers repackaged ad views from multiple websites, sold as a single buy to advertisers. There are already 300 or so. But LinkedIn may prove a survivor when the ad-network bubble bursts.

The first reason an interactive agency buyer chooses an ad network for his clients is because the people who work there take him out to lunch.

But the second reason buyers choose one ad network over the other 299 is that they can trust the ad network to carefully manage its audience and the publishing partners it includes. The first requirement LinkedIn has down: Its users are rich and easily targeted by industry, seniority, company size, geography, gender, and number of connections. If publishers sign up for its network, LinkedIn can detect when those users visit other websites, using its personalized information to target ads.

But to meet the second requirement, LinkedIn needs to carefully restrict the publishers it allows into its ad network. This could prove more challenging for the startup. BusinessWeek, CNBC, and the New York Times already pipe content into LinkedIn, but it's unclear if they plan to carry LinkedIn's ads, too. There's some incentive for them to join up: LinkedIn says it charges advertisers between $30 and $76.50 per thousand ad impressions, an attractive rate for almost any publisher. LinkedIn might have trouble recruiting those types of publishers because they, too, want to start their own ad networks. Even though the world doesn't need another one.

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<![CDATA[Sarah Palin's typo-ridden LinkedIn profile]]> A tipster discovered Republican vice presidential nominee Sarah Palin's LinkedIn profile, typos and all. LinkedIn says it's legitimate — we just wonder which unlucky intern got the chore of typing it in. Surprised anyone bothered to find it? Don't be. According to Google Trends, Sarah Palin gets more search queries than either of the two men at the top of the tickets. Probably doesn't hurt that Google counts what Hitwise says are the very numerous searches for "Sarah Palin Vogue Magazine," "Sarah Palin Photos," "Sarah Palin Bikini Photos," "Sarah Palin Nude," and "Sarah Palin Naked." John McCain was a handsome man in his bomber-pilot youth, but not many of us feel the need to see him naked now. The Internet's obsession for Sarah Palin, according to the Google Trends chart below, knows no bounds.

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<![CDATA[LinkedIn employees also allowed to sell some stock]]> At a recent company meeting, management told LinkedIn employees they would soon be allowed to sell as much as 20 percent of their vested options at a $500 million valuation. Word leaked yesterday that Facebook plans to allow its employees to do the same. Both LinkedIn founder Reid Hoffman and Facebook founder Mark Zuckerberg want to take their companies public — and thereby get their employees paid — but it won't happen soon. LinkedIn expects to earn about $100 million in 2008, but VentureBeat reports that bankers want to see that number hit $200 million before bothering to file papers. The public markets aren't hungry enough for anything less. In July, only 56 companies went public, raising $5.6 billion in their IPOs. During the same month last year, 190 companies raised $31.7 billion on their initial foray into the public markets.

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<![CDATA[LinkedIn cofounder Reid Hoffman needs Ted Dziuba's guide to weight loss]]> In today's Los Angeles Times, reporter Jessica Guynn calls LinkedIn founder, Facebook investor and PayPal veteran Reid Hoffman "Silicon Valley's biggest social networker." Guynn means that just the way you'd think, reporting that Hoffman gains about 10 pounds per year, refuses to see a trainer and "doesn't step on scales." Some might deem Guynn's language rude, but since Hoffman's unhealthy-seeming weight is exactly the kind of thing everyone in the Valley won't admit they talk about, we're rather glad she called attention to it. Fortunately for Hoffman, Persai cofounder Ted Dziuba is ready with an intervention. Lately, Dziuba's been writing servicey items about coder life on TedDziuba.com instead of eviscerating TechCrunch-covered startups on Uncov. A recent post is perfect for the rotund Hoffman. But at 725 words, "An engineer's guide to weight loss," the busy Hoffman will never take the time to read it. Below, a slimmer, 100-word version Hoffman can squeeze into his schedule.

Dieting and exercising suck. You are not going to have fun. The science is simple: eat fewer calories than your burn. Start quantifying. I use FitDay to track calories. Run a 1,000 calorie per day deficit. Go easy on the drinking. Take up smoking — a zero-calorie alternative. Eat one serving. Drink more coffee, an appetite suppressant. Low-fat ice cream has around 120 calories per half cup. After two weeks, your stomach will shrink. Step two is exercise. It's awful. Use an elliptical machine. Treadmills make you run. One hour per day, hard. You should be close to vomiting. Easy, huh?

(Photo by mandj98)

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<![CDATA[IBM employee directory mocks your company's lameness]]> Tech companies like to babble about openness and transparency. But try finding an engineer's phone number. Standard procedure is to hide company telephone and email directories from external eyeballs, lest a recruiter — or, more annoyingly, a reporter — use the phone list to cold-call staffers. One shining exception: IBM, the world's largest IT employer, with nearly 400,000 people on board in at least 90 countries. Why would the company publish its entire directory and risk attack from headhunters and snoops? Because in 2008 IBM doesn't sell servers, it leases brains. Customers don't want to submit a request to a faceless feedback form and hope the right person at the world's biggest, sprawlingest tech company sees it. I'm sure there was a fight over the decision. But they finally faced the truth: We already hunt their employees down on Blogger and LinkedIn.

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<![CDATA[Why LinkedIn's getting into the insider-trading business]]> You'd think LinkedIn management, which has made no secret of its plans to take its automated schmoozefest public, would be trying to avoid trouble with the Securities and Exchange Commission. Not so. They're aggressively marketing the company's latest moneymaking scheme, LinkedIn Research, to hedge fund managers. The premise: Traders can use LinkedIn to find "experts" with "unique input" on public companies in their portfolio. What LinkedIn marketers delicately phrase as "input," SEC investigators might well call "inside information." And the only thing actionable about the whole affair might be the insider-trading charges that result.

Regulators frown on free communications between knowledgeable company executives and information-hungry investors. LinkedIn offers "compliance" tools, but those tools amount to letting the fox electronically monitor the henhouse. Hedgies surely realize this, and will see LinkedIn's lax policies as a selling point. (Other firms which connect investors with company insiders have, at some expense, created systems which allow the experts' employers, not just the investment firms, to monitor contacts.)

If it gets in trouble, LinkedIn will likely plea that it didn't know how its networking site was being used — the standard we're-just-a-platform dodge. But it will be hard to claim that for two reasons. First, LinkedIn is touting the account managers it's providing who will actively help traders use the service. Second, CEO Dan Nye previously worked at Advent Software, a company which provides portfolio-management software to Wall Street firms. It's not like he's unfamiliar with the SEC's disclosure and monitoring requirements. Rather, one has to think he knows just how expensive complying with those rules are, and that rejiggering LinkedIn's software to obey them will make LinkedIn Research a nonstarter.

It's not a stretch to imagine how an ambitious government prosecutor could make a case for LinkedIn aiding and abetting insider trading. The law doesn't even require that money change hands; exchanging inside information for a thumbs-up reference on LinkedIn could very well qualify as a breach of the rules.

But that assumes anyone in Washington or New York is paying attention. Unlikely, given the mortgage mess. LinkedIn will likely go public on the basis of its hedge fund-juiced revenues long before an overtaxed SEC gets around to looking at how, exactly, the avaricious traders of Greenwich are getting their information.

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<![CDATA[LinkedIn founder Reid Hoffman explains his IPO jitters]]> "We think we could go public on our numbers," LInkedIn founder Reid Hoffman tells Tech Ticker's Sarah Lacy in a video interview (excerpted below). But the company, which just raised $53 million, won't IPO because it would rather reinvest its profits and because the U.S. public markets are too turbulent right now. Hoffman says LinkedIn will use the money in part to buy "good, small tech teams." In the clip, Hoffman says the race with Facebook toward an IPO isn't much of a race. It's more like, "No, you go first," he explains. Hoffman and his handpicked CEO, Dan Nye, shouldn't grow too cautious. Hoffman himself helped PayPal go public during the last downturn, so he knows a strong company can thrive in a poor market. But more importantly, for a professional's social network like LinkedIn, we can't imagine much better free marketing than the nonstop coverage CNBC would give consumer tech's first major IPO in years.

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<![CDATA[LinkedIn needs to sex up its pitch if they want a Facebook-sized valuation]]> LinkedIn's $1 billion valuation certainly seems low only when compared to the stratospheric $15 billion Facebook is worth on paper. One reason why is because, frankly, college kids are sexy — as the VCs in the announcement infomercial prove irrefutably, business professional who use LinkedIn are not. So if you're going to announce a new round of venture capital with a video on YouTube, why not make it a music video? The kids love music videos. Hence, Valleywag presents "The Upside" featuring Jeffrey "Sand Hizzy" Glass, David "D-Cup" Sze, David "Dollar Billz" Cowan and Mark "Make Money" Kvamme over beats from EPMD. Recognize.

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