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In defence of newspapers and serendipity
Just goes to show how important controlling that initial source of reach at a low cost (maximizing efficiency) is for a travel site (remember: TripAdvisor *is* Expedia. It's the Same company - as is Hotels.com, Hotwire and Classic Custom Vacations). This also mirrors the purchase of TripAdvisor by Expedia several years ago - for just about the same reason I'd imagine (buy it now to avoid having to pay to use it as an increasingly expensive advertising/reach source down the road). And - not to downplay the number in absolute terms; I'm sure the developer is tickled and should be - but $3m is peanuts compared to the global ad budgets of the brands above.
- Stuart
I really need to start thinking about the opportunity costs of holding down a day job.
Some good points. My thought is something along the lines of yours...
Though "Where I've Been" may have 2.3 million users, how many of them are actually active? There are so many apps that get installed and forgot about. Some people just install a given app because their friends have done so. Subsequently, they never get used. I would wager that a large percentage of FB apps fall into this category. Therefore, user numbers can be very deceiving. Perhaps 10% of all "Where I've Been" users are active. All of a sudden, it looks more like 230,000.
Just my two bits...
Cheers,
Aidan :)
For instance you put up a few links to dating sites and anyone that signups up you get $5.00 for. It adds up fast.