I am so not "getting" this Instagram thing / do you guys want to look at each others pictures?

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its hilarious b/c its so overvalued, but also because like "one billion" is such a funny number

max, Monday, 9 April 2012 18:39 (2 years ago) Permalink

~1million new instagram users is the first 24 hours of andriod

lag∞n, Monday, 9 April 2012 18:39 (2 years ago) Permalink

and only $55 million per filter

J0rdan S., Monday, 9 April 2012 18:40 (2 years ago) Permalink

so really this is just fb being really, really, really risk averse w/r/t competition

iatee, Monday, 9 April 2012 18:40 (2 years ago) Permalink

hipstamatic could integrate a lot of products (books, prints, postcards) relatively easily. God knows if they'd actually make any money off of them, though.

Kiarostami bag (milo z), Monday, 9 April 2012 18:40 (2 years ago) Permalink

I've met so many people in the past couple years who just want collab on apps

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:40 (2 years ago) Permalink

er, Instagram not hipstamatic. (but them too)

Kiarostami bag (milo z), Monday, 9 April 2012 18:40 (2 years ago) Permalink

collapps

J0rdan S., Monday, 9 April 2012 18:41 (2 years ago) Permalink

a billion chinese, mark

i don't believe in zimmerman (Hurting 2), Monday, 9 April 2012 18:41 (2 years ago) Permalink

hipstamatic's problem is that it's called hipstamatic

J0rdan S., Monday, 9 April 2012 18:41 (2 years ago) Permalink

I dunno, everything has a stupid name these days

iatee, Monday, 9 April 2012 18:41 (2 years ago) Permalink

did I post about how I met one dude who wanted to create some kind of app where you could trade stocks within some graphic framework that had lasers and explosions, like you are in some sort of virtual high octane vid game action movie etrade world or something

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:41 (2 years ago) Permalink

he was 100% serious too

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:42 (2 years ago) Permalink

so they paid like 35 bucks per user

― the late great, Monday, April 9, 2012 2:37 PM (2 minutes ago) Bookmark Flag Post Permalink

i wonder if part of facebooks thinking is theyre abt to go public and theyll be getting more than $35 per user so they could actually make money off the deal as soon as they ipo

lag∞n, Monday, 9 April 2012 18:42 (2 years ago) Permalink

that sounds kinda fun xp

iatee, Monday, 9 April 2012 18:42 (2 years ago) Permalink

I've not read anything about this being Internet Bubble 2.0 only for billions more - am I just not seeing it, or is everyone just kinda looking the other way?

Kiarostami bag (milo z), Monday, 9 April 2012 18:43 (2 years ago) Permalink

challaps

flopson, Monday, 9 April 2012 18:43 (2 years ago) Permalink

How about an app where you can share your challops with your friends? Call it 'challapp'.

they do do doo doo sandwiches (snoball), Monday, 9 April 2012 18:43 (2 years ago) Permalink

instagram is also a big image service for twitter users so its a way for facebook to get some inroads to twitter

max, Monday, 9 April 2012 18:43 (2 years ago) Permalink

xp oh balls flopson got there first plz don't sue me

they do do doo doo sandwiches (snoball), Monday, 9 April 2012 18:44 (2 years ago) Permalink

well everyone pretty clearly looked the wrong way on groupon

iatee, Monday, 9 April 2012 18:44 (2 years ago) Permalink

sorry already sued you plz pay 1 billion dollars

flopson, Monday, 9 April 2012 18:44 (2 years ago) Permalink

I've not read anything about this being Internet Bubble 2.0 only for billions more - am I just not seeing it, or is everyone just kinda looking the other way?

― Kiarostami bag (milo z), Monday, April 9, 2012 2:43 PM Bookmark Flag Post Permalink

no this is definitely talked about in the financial press, with the same kind of hedgy language that you probably see before any bubble burts, although tbf this actually isn't really as big a bubble in terms of sheer numbers of ridiculously valued companies.

i don't believe in zimmerman (Hurting 2), Monday, 9 April 2012 18:45 (2 years ago) Permalink

the other guy who was trying to get me to collapps was using the "fart app" from a while ago (that got bought for like a milli) as his example over and over of what is possible, like it was the pinnacle of apps, or for some reason it was the perfect app to explain every part of his ideas w/

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:45 (2 years ago) Permalink

xxp Fortunately I foresaw this and invented a currency called 'snoball dollars' - current exchange rate is about a trillion snoball dollars to the US$.

they do do doo doo sandwiches (snoball), Monday, 9 April 2012 18:45 (2 years ago) Permalink

I've not read anything about this being Internet Bubble 2.0 only for billions more - am I just not seeing it, or is everyone just kinda looking the other way?

― Kiarostami bag (milo z), Monday, April 9, 2012 2:43 PM (1 minute ago) Bookmark Flag Post Permalink

people talk abt this all the time at least in the tech media, maybe its not as much of a mainstream story because most of these companies are still privately held where the 1st tech bubble was all in the stock market

lag∞n, Monday, 9 April 2012 18:46 (2 years ago) Permalink

hearing people who just want to develop shit for money talk irl scares the fuck out of me

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:46 (2 years ago) Permalink

I don't know if you can call this a bubble, there is srs, srs money in having detailed personal information on every single human in america, but there will be a limited number of winners

iatee, Monday, 9 April 2012 18:47 (2 years ago) Permalink

I always feel like I should ask them if they've ever asked themselves why they're alive but then again I post on the internet so who g'saf

puff puff post (uh oh I'm having a fantasy), Monday, 9 April 2012 18:47 (2 years ago) Permalink

I wanted to design a bar bingo app that could be tailored to fit whatever kind of bar you're at

a) I don't know how to program
b) I figured it would have to be social with leaderboards and Foursquare type coupons from bars and shit, but I don't know to do it
c) there are probably already 40 of these

Kiarostami bag (milo z), Monday, 9 April 2012 18:48 (2 years ago) Permalink

hint: the public won't be one of the winners.

they do do doo doo sandwiches (snoball), Monday, 9 April 2012 18:48 (2 years ago) Permalink

well the first internet bubble had the same qualities -- legit value underneath some of it, limited number of winners.

i don't believe in zimmerman (Hurting 2), Monday, 9 April 2012 18:48 (2 years ago) Permalink

also I only hang out in dive bars, so the bingo app would be limited for pretty much everything else

Kiarostami bag (milo z), Monday, 9 April 2012 18:48 (2 years ago) Permalink

yeah but the original internet bubble was built on assuming things about the way people were gonna use the internet that were wayyy out of line w/ how the internet was being used at the time.

iatee, Monday, 9 April 2012 18:49 (2 years ago) Permalink

hipstamatic could integrate a lot of products (books, prints, postcards) relatively easily. God knows if they'd actually make any money off of them, though.

er, Instagram not hipstamatic. (but them too)

from what I understand (e.g. reading one article on some camera blog) the Instagram photos aren't good enough to make prints off of. they're just web quality. (might be a bandwidth thing, even at the quality they are now it takes forever to load your feed and you have to have a good connection on your phone)

Hipstamatic photos are saved at higher quality and they do offer prints

dmr, Monday, 9 April 2012 18:49 (2 years ago) Permalink

i have a bunch of app ideas, feel free to PM me if u are a VC

max, Monday, 9 April 2012 18:49 (2 years ago) Permalink

I don't know if you can call this a bubble, there is srs, srs money in having detailed personal information on every single human in america, but there will be a limited number of winners

― iatee, Monday, April 9, 2012 2:47 PM (1 minute ago) Bookmark Flag Post Permalink

yeah i mean big companies came out of the last bubble too, maybe its just all ~creative destruction~ & the gamification of reality

lag∞n, Monday, 9 April 2012 18:50 (2 years ago) Permalink

instagram is also a big image service for twitter users so its a way for facebook to get some inroads to twitter

otm a lot of people just use it as a less annoying Plixi with square cropping

dmr, Monday, 9 April 2012 18:50 (2 years ago) Permalink

Why are the pictures people take worth so much to Facebook and Instagram?

I assume that this is a big part of it. In 2092, the U.S. Department of Commerce with the Bureau of Census and Online Media will release the first installment of the 2020 Tumblr and Facebook profiles.

pplains, Monday, 9 April 2012 18:50 (2 years ago) Permalink

Instagram makes full-resolution (for the iPhone/iPad camera and given the square crop) files. They should be good for 8x8 prints now.

Kiarostami bag (milo z), Monday, 9 April 2012 18:51 (2 years ago) Permalink

the Instagram filters can be bad, but square is a more sensible format for what people use cell phones for than the oddball vertical format of the iPhone.

Kiarostami bag (milo z), Monday, 9 April 2012 18:52 (2 years ago) Permalink

btw instagram has like 15 employees everyone

lag∞n, Monday, 9 April 2012 18:52 (2 years ago) Permalink

yeah i mean big companies came out of the last bubble too, maybe its just all ~creative destruction~ & the gamification of reality

yeah I agree but the underlying assumptions about what was going to happen in the late 90s seemed 'more optimistic' than they do today, which allowed for a bigger bubble. there def will be winners and the giants today are a lot more savvy than the giants back then.

iatee, Monday, 9 April 2012 18:52 (2 years ago) Permalink

"gamification of reality" hopefully also a bubble

the late great, Monday, 9 April 2012 18:52 (2 years ago) Permalink

reality is a bubble

iatee, Monday, 9 April 2012 18:52 (2 years ago) Permalink

Why are the pictures people take worth so much to Facebook and Instagram?

When you post a picture on Instagram and then share it with your friends, Instagram know who your friends are, and can build up a map of who knows who. And this is worth $$$, somehow.

they do do doo doo sandwiches (snoball), Monday, 9 April 2012 18:53 (2 years ago) Permalink

because Facebook and now Instagram are really just NSA fronts

Kiarostami bag (milo z), Monday, 9 April 2012 18:55 (2 years ago) Permalink

its all data mining to figure out who to strip search is the bottom line

lag∞n, Monday, 9 April 2012 18:57 (2 years ago) Permalink

I think one way the social shit might end up looking more like a bubble is if a large and sustained campaign for privacy builds.

iatee, Monday, 9 April 2012 19:02 (2 years ago) Permalink

lag∞n, Monday, 9 April 2012 19:02 (2 years ago) Permalink


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