We're in an interesting era of content explosion in the mobile/digital world - as we get our hands on more info, recommendations, suggestions, reviews and deals, it seems that apps are constantely trying to notify us when there's something better or more exciting we could be doing. This trend is continued with Foursquare's newest feature - Radar.
Radar tells you what's going on around you and pushes those notifications even when the app is off. This assumption is that you'll want to be reminded to check out this new restaurant, or that your friends are meeting nearby. Foursquare really needs to get this right, because if the notifications aren't contextual, personalized and helpful, this could be the most annoying app feature I've ever heard of.
As we continue to evolve in the information overload space, it puts the onus on apps/mobile features to really curate content, as opposed to just blasting out whatever the last advertiser told them to.
Check out more detail here: http://techcrunch.com/2011/10/12/foursquar-radar/#comment-box
Showing posts with label Techcrunch. Show all posts
Showing posts with label Techcrunch. Show all posts
Thursday, October 13, 2011
Thursday, February 12, 2009
AP Reports Facebook worth $3.7 Billion
The endless speculation that Microsoft's $15 billion valuation of Facebook (through an investment) was way out of whack with reality is finally revealed to be true - even within Facebook itself!
According to court documents obtained by (and hacked by) the AP, the recent settlement of the ConnectU lawsuit shows that Facebook values itself internally at only $3.7 billion.
Techcrunch also discusses the laughable 'cut and paste' hack used to reveal the supposedly blacked out court information.... Check it out for yourself.
In light of writedowns like Google's 'mark to market' of their investment in AOL, this is not that surprising. Perhaps the greater question is why these things happen in the first place. For a promising startup with great potential, valuation can often be the consensual hallucination of where it's going to be - and this is often a self-fulfilling prophecy, as people and partners want to sign up with and do business with (and invest in!) what is perceived as the next big thing.
By encouraging Microsoft to place a seemingly high valuation on Facebook as an enterprise, was Facebook trying to game the system - create a sense that they were an emerging juggernaut, suggest a higher valuation to potential investors, acquirers, and even employees - and perhaps even impact the perception of the average consumer choosing where to spend their social networking time and attention?
According to court documents obtained by (and hacked by) the AP, the recent settlement of the ConnectU lawsuit shows that Facebook values itself internally at only $3.7 billion.
Techcrunch also discusses the laughable 'cut and paste' hack used to reveal the supposedly blacked out court information.... Check it out for yourself.
In light of writedowns like Google's 'mark to market' of their investment in AOL, this is not that surprising. Perhaps the greater question is why these things happen in the first place. For a promising startup with great potential, valuation can often be the consensual hallucination of where it's going to be - and this is often a self-fulfilling prophecy, as people and partners want to sign up with and do business with (and invest in!) what is perceived as the next big thing.
By encouraging Microsoft to place a seemingly high valuation on Facebook as an enterprise, was Facebook trying to game the system - create a sense that they were an emerging juggernaut, suggest a higher valuation to potential investors, acquirers, and even employees - and perhaps even impact the perception of the average consumer choosing where to spend their social networking time and attention?
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