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So what's the plan here. Just two months since Pinterest acquired them, they've shutdown Instaparser, moved their team across the country (literally: NY to SF..
by rgbrenner 10y ago
So what's the plan here. Just two months since Pinterest acquired them, they've shutdown Instaparser, moved their team across the country (literally: NY to SF.. I wonder how many employees quit instead), discontinued Premium--their sole source of revenue(?), and committed to no-ads... sounds like they have no monetization strategy at all anymore.
This doesn't look good.
- codemac 10y agoMy thought is that pinterest has a solid model for monetization for people who bookmark & read things they find on the internet. That doesn't involve premium accounts but requires many many more users.. so maybe do a huge push by making the instapaper features free in a PR push, and work to get their active monthly users way up. Do you think that's possible?
- SloopJon 10y ago> I wonder how many employees quit instead I thought I read that it was just a team of three, all of whom chose to move.
- bthdonohue 10y agoBrian from Instapaper here. It was three of us, and two came along with the acquisition. We all agreed to it before making the decision.
- kobayashi 10y agoHi Brian, would you PLEASE consider increasing the maximum read speed in Instapaper. Pocket's much speedier maximum read speeds (with iOS' great Alex voice) are a huge pull that I can't leave behind.
- EduardoBautista 10y agoThis is the kind of business model the SF tech scene encourages. People are starting companies to be acquired, not to create a business that stands the test of time.
- exBarrelSpoiler 10y agoAt the very least, they should write less treacly Dear John letters to their former customers http://ourincrediblejourney.tumblr.com http://ourincrediblejourney.tumblr.com
- visarga 10y agoDoesn't this look like they are making Instagram a free app in order to collect valuable information which could be used for recommendations or following what is trending?
- deleted 10y ago[deleted]
- nerfhammer 10y agoPinterest could be using it for a tiny boost to their MAU numbers that they plan to report to investors after an eventual IPO. Good ratio of users to headcount (given only 2 employees).