Monday, September 29, 2014

Alibaba & Yo

'But Alibaba is not even the best example of this Fed-induced social media frenzy. The paragon of “irrational exuberance” would have to be the social media app called YO. What is the intellectual property behind this life-changing technology? Brace yourself: It just sends friends the thought-provoking message “Yo.” YO was developed in eight hours and was launched on April Fool’s Day 2014.

As idiotic as this idea may sound, it has a valuation of $10 million...'


Makes doing an honest day's work seem anachronistic.

No comments:

Post a Comment