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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Sun, 22 Nov 2009 13:53:08 +0000</pubDate>
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		<title>Sliding Down: The Sound of Value Evaporating</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/06/26/sliding-down-the-sound-of-value-evaporating/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/06/26/sliding-down-the-sound-of-value-evaporating/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 09:53:32 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Social Networking]]></category>

		<category><![CDATA[Facebook.com]]></category>

		<category><![CDATA[RockYou]]></category>

		<category><![CDATA[Slide]]></category>
<category>Facebook.com</category><category>Internet &amp;#038; Web</category><category>RockYou</category><category>Slide</category><category>Social Networking</category>
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		<description><![CDATA[I probably don&#8217;t make too many friends saying this, but I predict that our generation&#8217;s answer to Pets.com won&#8217;t be Dogster.com (that actually makes sense), but rather, the Slide&#8217;s and Rock You&#8217;s of the world.  I could be very, very wrong&#8230; but no way is Slide worth $100M, let alone $500M.
Anyway, if what Tech [...]]]></description>
			<content:encoded><![CDATA[<p>I probably don&#8217;t make too many friends saying this, but I predict that our generation&#8217;s answer to Pets.com won&#8217;t be Dogster.com (that actually makes sense), but rather, the Slide&#8217;s and Rock You&#8217;s of the world.  I could be very, very wrong&#8230; but no way is Slide worth $100M, let alone $500M.</p>
<p>Anyway, if what Tech Crunch is saying is true - <a href="http://www.techcrunch.com/2008/06/26/did-facebook-shut-down-slides-top-friends-how-very-myspace-of-them/" target="_blank">that Facebook just deleted one of Slide&#8217;s applications</a> - then Slide might not be worth $5M, let alone $500M.</p>
<p>Investors in Max Levchin&#8217;s ride (still don&#8217;t understand how someone who helped build PayPal would think that Slide is a good way to deploy his skills but then again, who cares what I say) might want to read up on our post on why <a href="http://www.watchmojo.com/web/blog/?p=1594" target="_blank">building your business on Facebook might not be a grand idea</a> and shall inevitably slide you into oblivion.</p>
<p>Mind you, the way the Web is now operating in bizarro mode, maybe this is a glitch and Facebook will apologize for the mistake and reward Slide with even more shelf space of its otherwise useless and nefarious apps.</p>
<p>Or, maybe, the bong effect has worn off Mark Zuckerberg and he realized that his otherwise useful and intuitive social network was becoming as valuable as a warm bucket of spit thanks to the Rock You and Slide&#8217;s of this world.</p>
<p>Worth noting that Founders Fund (Peter Thiel&#8217;s fund) is an investor in Slide, Thiel is an investor in Facebook.  If this is not a mistake and Zuckerberg did in fact put the kibosh on Slide, then I am sure Thiel has been in the middle of some interesting exchanges in the last 24 hours, but, of course, we&#8217;re speculating.</p>
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