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wow… first Draw Something went for like 200 Million and now Instagram for 1 billion… whats happening here??
They are basically buying out possible competition and buying ideas that have been tested and succeeded, it makes sense though.
Crazy!
But I guess it makes sense to have a product that was developed for basically a keyboard-less device like a phone = then take advantage of the mobile society that likes to push a few buttons rather than type a lot. All those fun tablets with the cameras become easier to use.
Time to start thinking of app idea’s ha ha , And I bet pictionary are kicking themself about not making an app
WOW indeed – 1B? I wonder how long it will take them to actually see a profit on it?
@arkyt 238385 wrote:
WOW indeed – 1B? I wonder how long it will take them to actually see a profit on it?
Probably never.
Good for the app makers though!
Supposedly it was like 551 days (less than 2 years) with a total investment of $7.5 million.Quite a huge % return. And with 11 employees it appears to be a great success story.
Startups sometimes do make it to the top.
Was just reading an article on this purchase; writer was insinuating that FB feared the ap might hurt their product value so they just gobbled it up…
@arkyt 238389 wrote:
Was just reading an article on this purchase; writer was insinuating that FB feared the ap might hurt their product value so they just gobbled it up…
Interesting.. well, we have seen in the last couple of years both facebook and google buy emerging social sites, only to shut them down.. I guess sometimes its not just about seeking roi on a purchase its more about risk mitigation.
@Play 238390 wrote:
Interesting.. well, we have seen in the last couple of years both facebook and google buy emerging social sites, only to shut them down.. I guess sometimes its not just about seeking roi on a purchase its more about risk mitigation.
Brilliant point, Play… If you can’t beat them… BUY THEM! HA!
