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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>Facebook Should Put All FB App Builders Out of Business to Teach a Lesson</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/07/17/facebook-should-put-all-fb-app-builders-out-of-business-to-teach-a-lesson/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/07/17/facebook-should-put-all-fb-app-builders-out-of-business-to-teach-a-lesson/#comments</comments>
		<pubDate>Thu, 17 Jul 2008 19:21:26 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

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

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

		<category><![CDATA[Facebook.com]]></category>
<category>Facebook.com</category><category>Financing</category><category>Internet &amp;#038; Web</category><category>Social Networking</category>
		<guid isPermaLink="false">http://watchmojo.com/web/blog/index.php/2008/07/17/facebook-should-put-all-fb-app-builders-out-of-business-to-teach-a-lesson/</guid>
		<description><![CDATA[Hmm.  Here&#8217;s what I wrote last year when Facebook launched its API: don&#8217;t do it.
I even lambasted VCs who were rushing like fools to fund these apps.  I could link to one of the pieces&#8230; but you can imagine the gist: &#8220;Are you crazy, fool?&#8221;
Here&#8217;s what has happened in one short year: companies like Slide [...]]]></description>
			<content:encoded><![CDATA[<p>Hmm.  Here&#8217;s what I wrote last year when <a href="http://www.watchmojo.com/web/blog/?p=1594" target="_blank">Facebook launched its API</a>: don&#8217;t do it.</p>
<p>I even lambasted VCs who were rushing like fools to fund these apps.  I could link to one of the pieces&#8230; but you can imagine the gist: &#8220;Are you crazy, fool?&#8221;</p>
<p>Here&#8217;s what has happened in one short year: companies like Slide and Rock You raised tens of millions of dollars.  Bow now, the seemingly-inevitable-to-anyone-with-a-brain is happening:</p>
<p>Facebook naturally emulated one of the more popular apps.  From <a href="http://valleywag.com/5025349/new-facebook-feature-makes-slides-top-friends-app-redundant" target="_blank">Valleywag</a>:</p>
<blockquote><p>If you&#8217;re the application developer and they&#8217;re the platform owner, you have to know death can come at any moment: Create a popular, simple application, and the platform owner might just rip you off in their next release. It&#8217;s happened to Max Levchin&#8217;s Slide, maker of the popular Facebook widget <a href="http://valleywag.com/tag/top-friends/" target="_blank" class="autolink" rel="nofollow" title="Click here to read more posts tagged TOP FRIENDS">Top Friends</a>. With its latest profile redesign, Facebook now allows users to specify which friends they&#8217;d like to display to profile visitors.</p></blockquote>
<p>The result of this, when you &#8220;rinse and repeat&#8221;, is that funding for these apps will dry up, naturally - and it is, according to <a href="http://valleywag.com/5025859/source-vc-for-facebook-widgetmakers-is-drying-up" target="_blank">Valleywag</a> and <a href="http://www.alleyinsider.com/2008/7/vc-funding-drying-up-for-facebook-apps-don-t-blame-facebook" target="_blank">SAI</a>.</p>
<p>My only question, frankly, is: is this a surprise to anyone with a two-digit IQ?</p>
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