Page 7 - Got Into News Today

It in people i know, who got into app development, there is a lot of money. why is there so much money out there? >> nobody wants to get left out of the next big thing. somebody says, you know, if it costs me a million or two to get in on this, if i lose it, thats okay, im going to spread it around and maybe ill hit one of these jackpots. >> but why is there so much money -- where does the money come from? i remember when the financial crisis happened around the housing, there was this planet mo...

Offer from facebook. and uber is now valued at $18.2 billion. just to put that in perspective, at that valuation, uber is worth more than avis, hertz and sony. this has people asking, are we experiencing a massive tech bubble. investors be wary. if there is a tech bubble and its ready to burst. how much damage could it cause? when pets.com and many other web based companies were falling victim to the last tech bubble, it helped drag the economy into recession. with an app that says yo, with that...

Have a great idea like the yo app and somebody comes to you and gives you a million dollars for a chunk of it. theyre getting a great app down the road. >> am i wrong? i know there are millions of people around the world that use it, free messaging service. its a great product. its unclear to me how its going to make money. how -- thats the other thing, that is the other thing about this thats similar to the tech bubble, companies that had no clear strategy getting acquired or doing ipos for hun...

This does seem to me like this is the thing were going to write about five years ago. >> is this is where we say, you ran out of ideas, were going to get the million dollar idea to anybody who walks in the door. can you come up with good talking points about it. its a low latency communication app. it makes sending a message like one tap, versus 11 taps to send to yo, its not the yo thats important, its the fact that you can ping someone. >> im defending the concept that you can have an app that...

Is yo. it sends your friends the word yo in a robot voice. no other words are available. but it turns out, i couldnt believe this, my million dollar idea is already out there, and now im no longer joking, someone actually raised $1 million for it. >> the developer took eight hours to code. its so simple apple rejected it from the app store the first time around, because the quality assurance guys thought it was unfinished. >> it seems pretty ridiculous on its face. an app that just says yo, and ...

Is the thing were going to write about five years ago ala pet.com when we talk about the tech bubble bursting. >> is this is where we say, you ran out of ideas, were going to get the million dollar idea to anybody who walks in the door. can you come up with good talking points about it. its a low latency communication app. it makes sending a message like one tap, versus 11 taps to send to yo, its not the yo thats important, its the fact that you can ping someone. >> im defending the concept that...

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Offer from facebook. and uber is now valued at $18.2 billion. just to put that in perspective, at that valuation, uber is worth more than avis, hertz and sony. this has people asking, are we experiencing a massive tech bubble. investors be wary. if there is a tech bubble and its ready to burst. how much damage could it cause? when pets.com and many other web based companies were falling victim to the last tech bubble, it helped drag the economy into recession. with an app that says yo, with that...

Is the thing were going to write about five years ago. >> is this is where we say, you ran out of ideas, were going to get the million dollar idea to anybody who walks in the door. can you come up with good talking points about it. its a low latency communication app. it makes sending a message like one tap, versus 11 taps to send to yo, its not the yo thats important, its the fact that you can ping someone. >> im defending the concept that you can have an app that does one thing simply. the guy...

People who engage in that name, thats the one thing i want to give him, the right to name his own team so long as he doesnt use a racial slur. >> thats right, keep it out of a racial slur, and the new name will be fine with you. >> tell me this, i thought this was a rich man who knew how to make money. can you imagine how much money he would make if he had a new name and all that paraphernalia had to be changed? >> thats right. >> why isnt he smiling to the bank and say, let it be. >> iphone com...