Technology
They say that the rising tide floats all ships. What about a tidal wave? Many people are dumbfounded at the valuations that app companies are receiving, especially in the messaging world, but looking back at history can provide some perspective. Messaging has been hot for a while, starting with AOL in the 90s, then platforms were developed that integrated the many messaging solutions. Microsoft bought Skype for $8.5 billion in 2011, and although that wasn’t an app deal, it set the tone. Facebook then bought Instagram for $1 billion in 2012; the biggest app deal to date, and it seemed like a lot, but that deal has been totally eclipsed by Facebook’s latest $19 billion dollar [...]