worth a billion dollars

middle-age American living in New Jersey near the Lincoln Tunnel «« June 1012 Vanity Fair has a report on instagram, and here is the one point I think is worthy of repeating after several pages of text.  One must understand the difference between foursquare and instagram to care about or understand this point.  Both companies had a common investor, and were essentially competing against one another, and instagram discovered foursquare was ahead, and they looked very much like foursquare, which means in additional to being in second place they were bust.  The founder of instagram pivoted (meaning of pivoted is a reason to read the full text), and decided to make instagram an app that included a picture with an optional checkin, where they were offering a checkin with an optional picture.  I REPEAT instagram decided to make an app that included a picture with an optional checkin, where they were offering a checkin with an optional picture.  That pivot proved to be worth one billion dollars. »» about me 201-490-9659 Hana Miyajima nearlincoln@hotmail.com contact us

About Tom Doody

middle-age American living in New Jersey near the Lincoln Tunnel
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