Loopt was a lemon, dropping to just 500 daily active users prior to sale

http://venturebeat.com/2012/03/09/loopt-dau/

by veguss • 14 years ago

19 7 14 years ago

sama• 14 years ago

Well, it's been a long week and this seems an appropriately crazy way to end it. It's off by several orders of magnitude. VentureBeat never called for the story but I'd be happy to speak about it if they'd like to.

plasma• 14 years ago

I hate reading attention grabbing, poorly reported articles like this (if this is true).

It would be neat if HN attributed karma to domain names's, so that consistently poorly reported stories begin to affect new submissions from the same domain.

fvryan• 14 years ago

page views first, facts later seems to be the trend :/

brk• 14 years ago

Perhaps it WAS a lemon, but it was still a $40MM lemon at the end of the day.

No matter how you analyze it, several startups have suffered a far worse fate.

Not sure why all the haters come out every time a sale, acquisition or shutdown is announced.

pron2• 14 years ago

Haters? If startups are allowed to act so smug with imaginary valuations, the "haters" are certainly allowed to gloat when those valuations are shown to be what they are. These are the rules to this particular game.

pg• 14 years ago

Really? I didn't know that rule.

Valuations represent investors' hopes. People's hopes for ambitious projects are often disappointed. Is it ok to gloat whenever someone announces an ambitious target, and doesn't hit it? Is it ok to gloat when someone enters a marathon and fails to finish, for example? Seems to me like an asshole move.

Loopt was a lemon, dropping to just 500 daily active users prior to sale

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