TripAdvisor Acquires Facebook App Where I’ve Been For $3 Million
Written by on August 16th, 2007 in Ajax News.
TripAdvisor has acquired Facebook Application “Where I’ve Been” for a reported $3 million.
Where I’ve Been allows users to share where they have been in the world from their Facebook profiles and has approximately 2.3 million users.
Inside Facebook notes that the $3 million purchase price values Where I’ve Been users at around $1.30 each.
The purchase is the first major seven figure acquisition for a dedicated Facebook only application. Where I’ve Been was recently included on the TechCrunch interns list of favorite Facebook apps.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/145027200/