There's over $2 billion in this article and that's crazy, or is it?
0. phoneArena 17 Jul 2013, 08:27 posted on
Alright, we'll be the first to admit that the title, like the proverbial cake, is a lie – there's actually infinitely less than even a billion of worth here, but at least we ain't beating around the bush...
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1. theminolaboy (Posts: 128; Member since: 18 May 2013)
Jessie J. said "It's not about the money, money, money.." but this article says it all, it's all about the money, after all.
2. wendygarett (unregistered)
Funny, why would pay billions for the apps and sell to us for free? Are they the charity company?
4. protozeloz (Posts: 5387; Member since: 16 Sep 2010)
Not at all, with free services companies are able to get a hold of your information, the more popular services a company has the more information they can pull from you, they can use that information to obtain money mostly via ads
I'll give you an example
When you look in Google for how to wash a cat you provided information about you (you may owe a cat) now a company insterested I. Selling cat shampoo is willing to pay Google to promote that to you
When you upload a picture to twitter with a pizza and talk about how much you love the vegan pizza Facebook can sell this information to a pizza company interested In selling new products
And so on with everyone else
6. Reluctant_Human (Posts: 869; Member since: 28 Jun 2012)
Completely agree. The actual revenue that the apps bring in is often negligible to the potential revenue of the data it has collected and continues to collect.
8. protozeloz (Posts: 5387; Member since: 16 Sep 2010)
A service become popular the lower the user thinks it needs to pay, an example is a freemium game like LOL where people find themselves buying $10 for a skin in order to look cooler when playing
And lol I used twitter on my post when I meant instagram XD
3. Gaurav008 (Posts: 294; Member since: 20 Jul 2012)
Off topic: I always read Chris P. as " Chris :P ". O_O
9. AsisHaas (Posts: 42; Member since: 14 Jul 2013)
I wanna make one social network to get attention.
11. Leo_MC (Posts: 680; Member since: 02 Dec 2011)
I know Vine only because I heard about it on this site; never heard of Qwiki up until today; I don't know anyone who's using Instagram (although I have an account, I have 2 friends that made accounts and only used them for 1 day or 2).
So, I believe most of them are just pumped up by the media and in no way as savvy as you picture them to be...