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The dangers of relying on startup steroids

30 pointsby cienrakabout 13 years ago

3 comments

vergentabout 13 years ago
I don't know if OMGPOP integrated with Open Graph, but there story is certainly similar.<p>A mobile app powered largely by Facebook interactions takes off like a rocket ship. In less than month is adds so many millions of users that it gets bought for $180 million dollars.<p>A company that was in the red is suddenly worth a ton of cash. Cut to a few weeks later, and Draw Something is shedding users like water off a duck's back.<p><a href="http://www.betabeat.com/2012/05/02/draw-something-decline-omg-pop-zynga-05022012/" rel="nofollow">http://www.betabeat.com/2012/05/02/draw-something-decline-om...</a>
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marcusfabout 13 years ago
I think I miss the part where Pinterest got burned by Facebook? Seems like engagement just dropped off (and to far higher levels than pre-FB). How's that Facebook's fault in any way?
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benologistabout 13 years ago
TheVerge writing content for HN is not a good sign.
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