It does seem like a really short term business plan: Buy up a bunch of apps, milk them of all their worth, gambling that it will be more than they paid, before

It does seem like a really short term business plan: Buy up a bunch of apps, milk them of all their worth, gambling that it will be more than they paid, before the users all leave. Then take the profit and slaughter a new set of apps. In this case I do wonder how much those apps are actually worth, IAC is apparently happy to take $100M for them, which would indicate that in their current form they aren't going to make $6M each in the short term. Both companies seem rather strange, they don't appear to have any actual coherent business plan.