Like.com Gets Bought Out By Google
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
In 2005, Google almost acquired Riya.com, a consumer-oriented image recognition company. Riya had the ability to recognize clothes, watches, earrings, etc. from an image and show you similar items through online retail channels. Google decided to walk away from Riya. Riya re-emerged as a company called Like.com shortly after.
Like.com raised almost $50 million since 2006 and makes around $50 million per year now, according to TechCrunch. The acquisition price is rumored to be higher than $100 million. Like.com was co-founded by Munjal Shah and Burak Gokturk.