Stop me if you've heard this one before: a company that makes virtually no money at all might get a massive, billion dollar price tag out of thin air (but at least people use Tumblr!). According to TechCrunch tipsters, the small and shady social network's spam blitz might've worked.
"After a period of high growth," TechCrunch says, "We’re hearing from multiple sources that private social network Path is raising a new round of funding that could value the company as high as $1 billion." That's a hell of a lot of money for a company whose revenue stream is... stickers? If this ends up being true, not only has the notion of "value" been pushed further down the vortex of meaninglessness, investors will be dumping money on a train that's already slowing down.
The latest download numbers from Google Play aren't exactly blockbuster.