The UADA: Mystery entity tops Adonomics top 40 app companies
Published by Blake Robinson February 18th, 2008 in Facebook Advertising, Facebook Applications, Facebook controversy, Facebook f8 platform, facebook Business, facebook developer.
TechCrunch today caught an interesting emergence on the Adonomics valuation chart. A mystery company dubbed The UADA has recently topped the chart of App companies with over 97 million installs, 3.1 million active users and a valuation of about $223 million — over a week before it’s even launched.
Research done into The UADA has uncovered that it is owned by Altura Ventures, the same firm behind Adonomics. The popular theory at the moment is that rather than owning apps in the capacity that Slide and RockYou do, The UADA is purportedly a collective of app developers.
As TC points out, unionizing poses a clear advantage for smaller app developers because it enables them to cross promote their wares across a wider spectrum of users.It also means that it’s difficult to indicate a combined wealth for the entity since it isn’t exactly in control of the assets of the union members.
Whatever it is exactly, remains unclear, but it launches of Feb. 29, so until then, we’ll keep our eyes peeled.
Technorati Tags: facebook, facebook platform, facebook apps, adonomics, altura ventures, the uada
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