Google just outbid Facebook to buy MilkInc.com

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Mr Happy

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Milkinc.com was a company that was founded only last year by some of the worlds most talented people coming together. Founded by Kevin Rose who is a tech super star with thousands of followers on Twitter, Google+ and Facebook it developed mobile apps. It launched Oink which allowed you to rate items. Say your in a restaurant you didn't rate the restaurant. Instead you rated the meal you got which is a more personalized rating system. Anyway it was incredibly successfully with 100,000 downloads in just two weeks but yesterday released a message that it was closing as the app was only a trial or experiment.

All things Digital is reporting that the whole team of 8 as being acquired by Google in a talent acquisition and they had to outbid Facebook in the process who were also interested in the team.

It's believed they will help the social aspects. It's a big dead because the team are among the best designers in the world and all have amazing talent. It would be like Apple's top designers going to Microsoft and developing a new tablet. Everything they worked on became a huge success.
 
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Kevin Rose became popular because he founded Digg which your probably more familiar with. Milk was the company he set up later. It had huge hype surrounding it among tech enthusiasts.
 
It's obviously not worth the time, otherwise facebook would have owned google.
Time has nothing to do with it. It's money and Google has far more of it than Facebook. It's rumored to work out at over 2 million per person. For a talent acquisition it was just too much money for Facebook.

Buying a company to get just talented employees is common and something Facebook and Google (as well as other large companies) do a lot but this is one of the more expensive ones taking into account the number of employees.
 
Did they do a talent takeover or did they invest in the company? What about the other investors that were involved in the Seed A funding?
 
Economic crisis is caused artificial, so interesting group can get more money, it doesn't just happen out of itself. It's not unpredictible.
 
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