What an utter waste of capital.
For the cynical it's a collective eyeroll.
- Lack of traction as evidenced by dismal ratings on the App Store compared to competitors - Supposed focus on international markets without clear commitment to establishing a presence there - HR troubles (as commenter linked to below) - Indication that money is being spent on paid installs by virtue of placing in the top 100 in Chad and Niger
Summary: low (if in USD, high if in local currency).
http://www.vanityfair.com/culture/my-phone/2013/03/dave-mori...
Indonesians probably found Path interesting because it was foreign. They probably didn't care that a company in San Francisco was slurping up their address book. However, a local conglomerate with a dodgy reputation?
http://en.dailysocial.net/post/outrage-over-announcement-tha...
>Indonesians outraged
The investment news from Bakrie sent a shock across Indonesia. Across Twitter and Path, people are talking as if the group had acquired Path and many have decided to remove Path from their devices...
The Bakrie Group and family has a terrible reputation in the country. As per the Jakarta Post report in February 2013, Bakrie Life has been in a deadlock with its clients regarding a failed investment scheme...
The group’s largest indiscretion in the country, and one that’s causing much of people’s anger towards the family, is the seven year mudflow in Porong, Sidoarjo, East Java. The ecological disaster has been attributed to Lapindo Brantas, a Bakrie-owned company, which conducted a drilling expedition in the area in 2006...
In short: SE Asia is where Social Networking sites die.
Don't get me wrong, I'd love to see people come and try to turn this around (e.g.: make money as a hi-tech company in my home country) but so far the facts have stated otherwise.