Yahoo Acquires Snapchat Rival Blink

As Frontline revealed the deep divisions in the legal community last night, including FBI Director Mueller threatening to resign over illegal NSA spying on US citizens, Yahoo! Inc. (NASDAQ:YHOO) announces it is purchasing Blink, a mobile messaging application that allows users to send messages that self-destruct at a time chosen by the sender.

Show same honesty online as in person

“We built Blink because we believe everyone should be free to show the same honesty and spontaneity in their online conversations as they can in person,” the company said in a Reuters report.

This hedge fund is so optimistic about COVID-19 that they’re short Clorox [In-Depth]

coronavirusA lot has happened since the coronavirus pandemic began, but aside from the temporary selloff in March, the stock market has continued to hum along as if nothing has been happening. There's no denying that the financial markets have been changed by the pandemic, and investors should be thinking differently when it comes to investing Read More


The acquisition comes on the heels of rival Snapchat settled charges with U.S. regulators that accused it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period.  The deal for Blink, which was announced in its website, comes nearly one year after its founding in April of 2013.  Blink was founded inside Meh Labs, an incubator company founded by ex-Google employees Kevin Stephens and Michelle Norgan. Meh Labs is best known for its location-sharing app Kismet.  As a result of the deal, Blink will shut down its app for both iOS and Android platforms in coming weeks.

Yahoo adding small, mobile start-up apps

For its part Yahoo! Inc. (NASDAQ:YHOO) has added to its stable several small, mobile start-ups since Mayer took over and now has 430 million monthly users of its mobile products.

Mobile messaging apps are particularly hot in emerging markets.  Internet-based firms have been seeking to capitalize on the popularity of free services offered through the apps as a way to grow users and monetize mobile advertising revenue.  The top of the sweepstakes goes to Whatsapp.  The mobile messaging service received a $3 billion buyout offer from Facebook Inc late last year, which it rejected. Facebook later acquired mobile messaging app Whatsapp for $19 billion, its largest acquisition ever.  Japanese e-commerce company Rakuten Inc got a piece of the action this past February when it bought Viber, a mobile app enabling free calls and messages, for $900 million.

Previous articleWhitney Tilson Questions At Berkshire Hathaway Annual Meeting [VIDEO]
Next articlePlug Power Inc Stock Tanks After Earnings Report
Mark Melin is an alternative investment practitioner whose specialty is recognizing a trading program’s strategy and mapping it to a market environment and performance driver. He provides analysis of managed futures investment performance and commentary regarding related managed futures market environment. A portfolio and industry consultant, he was an adjunct instructor in managed futures at Northwestern University / Chicago and has written or edited three books, including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008). Mark was director of the managed futures division at Alaron Trading until they were acquired by Peregrine Financial Group in 2009, where he was a registered associated person (National Futures Association NFA ID#: 0348336). Mark has also worked as a Commodity Trading Advisor himself, trading a short volatility options portfolio across the yield curve, and was an independent consultant to various broker dealers and futures exchanges, including OneChicago, the single stock futures exchange, and the Chicago Board of Trade. He is also Editor, Opalesque Futures Intelligence and Editor, Opalesque Futures Strategies. - Contact: Mmelin(at)valuewalk.com