TripAdvisor Buys Facebook App for $3 Million
Friday, August 17th, 2007;
-- Andy Beal |
Inside Facebook is reporting TripAdvisor has shelled out $3 million for the Facebook application “Where I’ve Been.”
If it turns out to be true, it will be the largest Facebook application acquisition ever and will have developers scrambling to build many more social networking applications.
Where I’ve Been was one of the very first Facebook apps I installed, and it was certainly fun to try and recall all of the places that I have visited. But then what? I don’t ever really go back to it and I don’t think I’ve ever closely reviewed the places my friends have been either.
Still, with 2.3 million users, TripAdvisor will no doubt slap its brand name on it and be happy to reach a new audience.
UPDATE: TripAdvisor is denying the rumor - which part, we’re not sure.
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Category: M&A, Social Media
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August 17th, 2007 at 12:02 pm
Wow! I knew the Facebook Apps would be valuable, but this really intrigues me due to the large number of Apps popping up.
@Andy - Are there other Facebook Apps that you think are worth a lot and are next in line?
August 17th, 2007 at 12:09 pm
@Mark - I’m really not sure, but I’d pay good money to buy that darn “Zombie” app, and have it shut down.
August 17th, 2007 at 12:58 pm
I guess it’s safe to say that we’ll begin to see a lot more Facebook apps coming out in the near future.
August 17th, 2007 at 1:51 pm
CNET reports that TripAdvisor denies it:
http://news.com.com/8301-10784_3-9761584-7.html?part=rss&subj=news&tag =2547-1_3-0-20
August 17th, 2007 at 5:01 pm
“Where I’ve Been” was one of my first Facebook apps as well…but I too haven’t really done much with it since and don’t really look at other people’s either.
Whether the rumor is true or not, it would be interesting to know how anyone would successfully be able to leverage an application like this to make a decent amount of money.
Any ideas Andy?
August 18th, 2007 at 3:10 pm
thanks Jordan. itwas realy important news for me.
August 21st, 2007 at 11:03 am
[...] May 24th, we’ve all been invited to bite people, graph people, play scrabble with people, tell people where we’ve been, etc. These are mostly fun applications and some will last and some won’t - we’re [...]
August 28th, 2007 at 10:50 am
Facebook now like OS and everybody can sell apps inside it.
December 7th, 2007 at 12:10 pm
I have always loved the facebook apps and i am trying so hard to design one for my company,does anybody know of any good coder who can design one for us?
January 16th, 2008 at 3:56 pm
[...] May 24th, we’ve all been invited to bite people, graph people, play scrabble with people, tell people where we’ve been, etc. These are mostly fun applications and some will last and some won’t - we’re only [...]