If Slide is Worth $500M, These Are Worth….?
So, Slide - the popular social networking widget - is now worth a staggering $500-million after raising $50-million from T. Rowe Price and Fidelity Investments.
If Slide, which has 150 million users of its applications but an uncertain business plan, is worth that much, then what’s the value of some of these popular Facebook applications? Is Top Friends, for example, worth $80-million because it has one-fifth of Slide’s users?
Source: Adnomics
For all you bubble watchers out there, Slide’s financing will only fuel the fire. While the landscape feels different from the frenzy of the dot-com boom, it’s increasingly difficult not to get the feeling part of the online ecosystem are out of whack.
In particular, some institutional investors seem to be over enthusiastic at a time when they should be pragmatic. Maybe Slide is the real deal, and will evolve into a monster business or a four-bagger liquidation even but at this stage in the game and economic cycle, it seems like a strange move.
