Web Crash 2.0
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- instrmntl
Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M
http://techcrunch.com/2013/06/04…Funny, I almost worked for OMGPOP and regretted not getting that Zynga stock. Now it's gone.
- detritus0
y'seem fixated on the idea this means anything other than the penny's dropped on investors that this company majorly sucks ass.
- i_monk0
I've never heard of OMGPOP. Why is this news?
- instrmntl0
A really amazing business man told me during the dotcom era that bubbles are cyclic and happen about every 7 years. Usually it's technology driven, where new technologies spark growth and investment for potential revenue. Most fail, as really when things come down to it, its all about profit and sales. The crash happens as a way to cleanse the market of bad investments.
Zynga was seen as one of the 2.0 success stories, and now they've laid off 20% of their resources. To me they represent the social/mobile/table companies that at first gave companies new hope for extended revenue, but now are seeing that the numbers just aren't there.
- Survival of the fittest (or now a days, most adaptive)ideaist
- animatedgif0
Only thing that will happen is Facebooks inevitable crash. This is the start of it, Zynga is one of their largest sources of revenue
- Totally. I also imagine this is causing investors to check their books on invested companies/portfolios...instrmntl
- instrmntl0
Housing in SF has increased by 1K since I left in 2010. That's quite a bit. Out of towners are outbidding each other for housing. All the signs are there. The market will correct itself soon.
- instrmntl0
Home prices in Berkeley go through the roof: what does it all mean?
http://blog.sfgate.com/inberkele…WINTERISCOMING
- boobs0
I feel nothing.
- there was never anything to feel on the web, you are fine.BabySnakes
- instrmntl0
Words to Start a Stampede: New York Apartment for Sale
http://www.nytimes.com/2013/07/0…At the end of 2012, Manhattan apartment inventory dropped to only 4,749 listings for sale, the lowest level seen since at least 2000, according to Miller Samuel, which prepares reports for Douglas Elliman, the real estate brokerage firm. In the second quarter of this year, that figure was only nominally higher, at 4,795 listings.
- instrmntl0
Your New Landlord Works on Wall Street
Hedge funds are snatching up rental homes at an alarming rate
http://www.newrepublic.com/artic…How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme—Again
http://www.motherjones.com/polit…Housing Prices Are Being Dangerously Distorted by Big Institutional Money
Do we really want to live through Housing Bubble 2.0?
http://www.peakprosperity.com/bl…- Douglas Elliman rep: 70% of Brooklyn home sales going to hedge funds, investors and international buyers
http://freewilliamsb…instrmntl - http://freewilliamsb…instrmntl
- ya, coworkers here in Cali trying to buy properties deal with some of this too.BabySnakes
- Douglas Elliman rep: 70% of Brooklyn home sales going to hedge funds, investors and international buyers