I know this is beyond outside the realm of what we do in the trenches of real estate every day but.... there is tremendous consolidation happening within social networking and at the same time old technology is disappearing. You may have missed this news today or may not even know about Instagram or even care about social networking. In my opinion, this is something to pay attention to as real estate shifts from online to social real estate.
Instagram, a start up (2 years young) hot photo sharing company was purchased by Facebook for a reported $1BN dollars plus stock options. Kodak was on the planet for 131 years and now it is bankrupt and only a memory.
I have no clue about what this means for those of us in real estate other than Facebook just got a lot bigger with this grab of an innovative company as well as lots of social data. Social networking is now moving at warp speed. Now if real estate would only move at warp speed. What is your take on this change? How do you see it changing what we do in real estate? Or do you care?