Another $50 Million for RockYou…Why?

Wow…I had completely forgotten about RockYou, a Redwood City, Calif.-based startup that started out as a widget maker but then turned social app developer and now is trying out hawking virtual goods. Sort of like the company it loves to imitate: Slide. RockYou made a splash today by raising a whopping $50 million in new funding from existing investor Softbank. That brings the total funding raised by the 4-year-old company to $119 million. My view is that if the first $69 million didn’t make RockYou into a real, profitable business, what are the odds that the new $50 million will? Not very high!