The company is in stealth mode at the moment, and not much is known about it; what we do know, however, is that it’s going to be a new digital music distribution model for indie artists.

In his blog post, Ian dropped an interesting bit of info on us. While still at Yahoo, he was apparently working on an “insanely cool stealth product” which was also his “primary music listening vehicle.” I haven’t been too impressed with Yahoo’s music efforts so far, but maybe they surprise me with this one - if it ever goes live.

[image credit: www.digitalmusicforum.com]

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Just two months after asking, “I Have 250,000 Users, Now What?”, Craig Ulliott has an answer.

In what is by far the largest Facebook application acquisition to date, travel company TripAdvisor has reportedly acquired Where I’ve Been from Craig Ulliott for $3 million.

The acquisition marks the first major successful exit of a Facebook application since the Platform launched just under three months ago.

With 2.3 million users, Where I’ve Been established itself as by far the biggest travel application on Facebook, leading #2 Cities I’ve Visited (also TripAdvisor owned) by over 1 million users.

The $3 million price tag values Where I’ve Been users at about $1.30, or almost 30 times the 4.6 cents per user Slide paid for Favorite Peeps two months ago.

If confirmed, this acquisition marks a major step toward validating the value rapidly being created by Facebook platform developers. Many have questioned the liquidity of the Facebook application market beyond the $60k range that Slide paid to acquire Favorite Peeps.

“This means Facebook is a real platform,” said Naval Ravikant, founder of Hitforge, an investor in the Facebook platform.

“I do think he sold too early, but $3M is a great return for the amount of time he invested.”

Certainly! For a developer once unable to afford a server to handle his bustling app traffic, a $3M sale is sure to inspire additional development and investment in the Platform. Congratulations to Craig for hanging on and leading Where I’ve Been to a successful exit!

Technorati Tags: facebook, app, acquisition, whereivebeen, tripadvisor

Me.dium is like being given a piggyback by someone surfing the web. The interface sits as a sidebar on your Firefox browser (a version for Microsoft Explorer will soon be released) and at the top of the window, you can see which sites other Me.dium users are currently looking at. If anything takes your interest, like Frogger you can leap from your surfing session to theirs, and follow them as they explore the web. Don't worry though, no-one can follow you to sensitive sites such as online banking or email.

We found it really gratifying as we navigated to Cool Hunting and about four users swiftly followed us. On the flipside, we linked up with someone who was looking at some good stuff on YouTube. With a widget you can add to your site that shows visitors what you're looking at, Me.dium takes the surfing experience to the next level, making it less hidden and more open—but only if you want it to be. Web 2.1 anybody?

And that, my friends, is the true story of Christmas.

Now you know how he earned that nickname!

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