5 ms·
I'm impressed that it is only half. Most of the time once the illusion is broken you are in a 90 degree down decline.
by danieltillett 11y ago
I'm impressed that it is only half. Most of the time once the illusion is broken you are in a 90 degree down decline.
- grizzles 11y agoAgreed. Maybe the existing investors are refinancing it. In that case they could be in the weird situation of having the perverse incentive (compared to a new investor) of trying to salvage the valuation by throwing more bad money at it. Sunken costs fallacy in action.
- sjwright 11y agoExcept that Foursquare/Swarm isn't entirely valueless. Depending where you are on the planet, there can be a lot of great data in there — some of it particularly invaluable for not being intensely gamed like TripAdvisor/Expedia are. When I was traveling around Europe this year, in many places Foursquare recommendations were consistently accurate and of good quality. (My one wish: integrate Google Translate for tips! The locals' tips would surely be the most worthwhile to read.)
- Grue3 11y agoYeah, I was under the impression that nobody liked the Swarm app and they basically did a Digg. It's surprising that it still valued at half of what it used to be (when it was everywhere).
- mathgeek 11y agoIt's valued there because they have a somewhat unique data set, considering the scope and magnitude. The only companies that can compare their data sets are much larger ones.