Because Path is almost certainly in a death spiral, based based on the layoffs and talent exodus. Because their CEO is Dave Morin, who hasn't done himself any favors by sounding like a huge douchebag [1]. Because they're a social media app on the wane, which is as good as a dead social media app.
- Lack of traction as evidenced by dismal ratings on the App Store compared to competitors
- Supposed focus on international markets without clear commitment to establishing a presence there
- HR troubles (as commenter linked to below)
- Indication that money is being spent on paid installs by virtue of placing in the top 100 in Chad and Niger
http://www.vanityfair.com/culture/my-phone/2013/03/dave-mori...