Path Could Be the Next Facebook Target
After Facebook (Nasdaq: FB) spent $1 billion to scoop up social photo-sharing startup, Instagram, everyone is buzzing about another San Francisco-based startup: Path.
Path is a social media application similar to Facebook. In fact, its co-founder, Dave Morin, is an ex Facebook executive. Path is all about exclusivity, however, only allowing you to make 150 connections. So it’s meant to help you build a more intimate social media environment.
As Morin says, “We’re very focused on family and small groups of friends… It’s a slightly different experience [than Facebook]. A much more personal experience.”
What’s most interesting about Path is that it’s actually built specifically for mobile devices. And considering that Facebook continues to struggle to deliver a popular mobile application, Path could be a natural target for a buyout.
But the question is, would Path be up for it?
Related Topics: Mergers and Acquisitions, Tech and Innovation
