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IBDvalueinvestin (99.64)

Facebook paid over $1B for APPS company Instagram

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June 05, 2012 – Comments (4) | RELATED TICKERS: FB , GOOGL , AAPL

but the question now is which APPS company is gonna be the next mega winner?

This post is for everyone on the Fool to comment with one APPS company each which is either public or private.

 

Thanks in Advance..Fool Members

4 Comments – Post Your Own

#1) On June 05, 2012 at 2:57 PM, IBDvalueinvestin (99.64) wrote:

I will get it started with one:

GLUU

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#2) On June 05, 2012 at 6:13 PM, Turfscape (40.96) wrote:

I think for an app developer to be "the next mega winner", they not only have to be bought out for a decent sum...they have to start from a hopeless position like Instagram.

Instagram had absolutely no path to revenue, no profits, nothing but a fun little idea in the form of an app. The Facebook purchase was a defensive move, if anything. And for Instagram, it was like hitting the lottery.

Glu Mobile has revenue, and an actual, workable business model.

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#3) On June 05, 2012 at 6:17 PM, Turfscape (40.96) wrote:

I'll also add that I think a decent target for acquisition might be Yammer. Not strictly an app developer, but strong in social and mobile realms...could make a nice feather in the cap for Facebook or some other giant of the mobile/social world.

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#4) On June 14, 2012 at 9:37 AM, Turfscape (40.96) wrote:

In the news today:
"Microsoft Is Buying Yammer, According To People At Yammer"

http://www.businessinsider.com/microsoft-yammer-rumor-2012-6

So...does that mean I win here?

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