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by alttab 4373 days ago
If an app that does nothing and has a half life of 3 weeks can raise $1 million, then the industry has a problem.
2 comments

It doesn't mean the industry has a problem, it means the people who put the $1 million into the company have a problem.
The hype and funding is based on the HOPE that something will come of it. However, retention is already a problem in Tel Aviv, where the app got its start. As fast as it has risen, it will fall (my prediction, anyway).
If only I hadn't squandered my life savings on beanie-babies I could've invested in Yo before it went public!
I don't even think the screenwriter for Idiocracy could have planned Yo! as a stock symbol.
And what problem is that? That people are spending their money in a way you don't like?