2 ms·
To me this isn't wild but what should (logically, not morally) happen with most tech companies. The microbubble of their own evaluation burst. If you used the a
by adjkant 10y ago
To me this isn't wild but what should (logically, not morally) happen with most tech companies. The microbubble of their own evaluation burst. If you used the app for longer than a month, you knew the app was going nowhere unless they completely changed the entire product by evolving so quickly. A lot of companies have similar problems in my opinion but are propped up by VC evaluations. If they play their cards right, they can cash out before the bubble bursts and get integrated into a product or company that has much more value than themselves. Yik Yak obviously failed there, but I don't think they are much of a unique situation.
- nebabyte 10y agoReading the sibling comment to this one, it doesn't sound at all like what happened. But alright
- adjkant 10y agoFair for sure. I think the act that burst their bubble was the aforementioned switch to required handles combined with an already shrinking community at that point in many urban areas who got bored with it. The bigger point of the comment was basically that most tech companies are overvalued and only get bailed out by acquisition. The money isn't really surprising here to me, which was the claim of the parent comment. The interesting part is how royally the fucked up their product to burst the evaluation bubble that quickly.