Name: Anonymous 2014-06-21 12:19
http://www.bloomberg.com/news/2014-06-20/don-t-blame-silicon-valley-for-the-stupid-yo-app-blame-israel.html
An app called Yo is becoming the poster child for a technology bubble that could cover the entire Silicon Valley in chewing gum. Yo, which lets users send and receive messages that contain only the word "yo," says it has funding commitments of $1 million from investors.
But the San Francisco-based Yo is not another dumb startup idea from a Stanford grad. The app was made in Tel Aviv and became a viral sensation in Israel before anywhere else.
The global ascent of Yo has only happened in the last week or so since its creator Or Arbel moved to San Francisco. Yo is currently the No. 1 iPhone app in Israel, and it's rising fast elsewhere, according to research firm App Annie. It's in the top 10 in more than a dozen countries. The app has over a half-million users, and it's growing by about 200,000 a day, according to Moshe Hogeg, an Israeli who has agreed to invest in Yo.