29 May '15, 9am

Social Networking App, Path is Now Property of Daum Kakao

Social Networking App, Path is Now Property of Daum Kakao

Path Inc., the company that former Facebook executive, Dave Morin, started and the one that created the Path social networking application may have to undergo a name change as it just announced that full management rights have been sold to Korean instant messaging giants – Daum Kakao. Morin’s new venture began in 2010, where he and a small team set out to build a company that focused on quality products and aim to give users a source of happiness, meaning, and connection. With that in mind, the company sought to create a social network where users could share with the people they are closest to and not everyone under the sun. The end result of that effort was Path, a mobile-first social sharing experience that was very much like Facebook and Instagram but users could only add a fixed number of contacts/friends. During its early days, Path had tech-heavy markets like San Fr...

Full article: http://amanz.net/20154012/social-networking-app-path-is-n...

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