Web Companies Want to "Own" Your Mobile Phone
In my last two posts, I attempted to analyze the acquisition of OMGPOP, a mobile gaming company, by Zynga, and the acquisition of Instagram, a mobile photo-sharing company, by Facebook. These acquisitions highlight the recent trend of large, established Web-based companies dramatically expanding their mobile presence. Techcrunch’s...
How Instagram is Worth $1 Billion with No Revenue
Mark Zuckerburg announced that Facebook was acquiring Instagram for $1 billion yesterday, which set off a firestorm of blog posts, tweets, and news articles debating whether this was a sign of a bubble or if Instagram sold out too soon. I think Facebook needed to pay $1 billion to make the deal happen, so I thought I would offer my 2 cents on how Facebook could try to justify the $1 billion...