So Is Path Worth $1 Billion, Too?
On February 1, at the peak of the frenzy over Facebook's announcement that it would go public, Path announced a photo effect called Depth. It was a brash display of public relations. Not only was Path upstaging Facebook's mobile offerings, its new feature meant that it now had Instagram's exact feature set as well. Today, Facebook's purchase of Instagram means those features are worth a billion dollars. What does that make Path, the mobile timeline app Facebook wished it had, worth?
Path is still an independent company, and unlike Instagram, it makes a little pocket change by selling photo filters. It has similar social dynamics to those that make Instagram great, and it arguably has a better interface. It does more than just photos, too. It allows videos, text statuses, place... [via ReadWriteWeb]
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