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

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

well everyone pretty clearly looked the wrong way on groupon

sorry already sued you plz pay 1 billion dollars

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.

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/

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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.

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

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.

btw instagram has like 15 employees everyone

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.

"gamification of reality" hopefully also a bubble

reality is a bubble

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.

because Facebook and now Instagram are really just NSA fronts

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

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.

http://i.imgur.com/I8lwQ.jpg

was twitter ever valued at one billion dollars

facebok wants peoples pictures because people click on photos more than text updates and links, and they spend more time looking at photos

also I'm not that surprised considering Draw Something sold for like $200 million a few weeks ago

Just saw on Twitter: "Facebook buying Instagram to provide seamless integration between photos of your dinner and the people who don't want to see them."

p sure fb bought instagram so they could insert a crude drawing of a penis into everybody's pictures, good prank zuck

i mean im sure theres some kind of data mining aspect but mostly its an engagement thing. photos mean more time spent on facebook and more links followed.

was twitter ever valued at one billion dollars

― swaghand (dayo), Monday, April 9, 2012 3:02 PM (4 seconds ago) Bookmark Flag Post Permalink

im sure its currently more

I think draw something was pretty similar to this in that zynga saw it as a potential large game company and just wanted to squash it

brb coding 'twitter shitter' app

was twitter ever valued at one billion dollars

― swaghand (dayo), Monday, April 9, 2012 3:02 PM (4 seconds ago) Bookmark Flag Post Permalink

im sure its currently more

― lag∞n, Monday, April 9, 2012 3:03 PM (0 seconds ago) Bookmark Flag Post Permalink

7b internet says

they could have saved $200m by just playing draw something and realizing how it gets boring after like 2 days but instead they just looked at how many users it had and wrote a check

Yeah the backlash over this is p funny and extremely pointless. But yeah i suppose some people just need something to talk about.

7b tweets

A friend of mine who works in tech told me the thing about facebook increasingly being seen as "for old people" by the young and I kind of didn't believe it, but now I can totally see it becoming the AOL of tomorrow.

what was yahoo gonna get sold at back when companies still wanted to buy yahoo

that almost gives me hope for the future, kids can take down this awful company

I mean it's just the inevitable thing of it being impossible for something to stay cool and also have your mom on it.

it'll be replaced by some justin-bieber-social-network or something but still

brb coding 'twitter shitter' app

― they do do doo doo sandwiches (snoball), Monday, April 9, 2012 3:04 PM (1 minute ago) Bookmark Flag Post Permalink

Too late dawg http://www.getshitter.com/