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Twitter and Yes, Inc
- f_allwein 10y agoSurprisingly devoid of information.
- jaxomlotus 10y agoLots of acquisition announcements today. 'Tis the season.
- burger_moon 10y agoMaybe it's a case of 'use it or lose it' for their acquisition budgets with the year coming to a close.
- 0xCMP 10y agoWhat do they actually do/make?
- agency 10y agohttps://ourincrediblejourney.tumblr.com/ https://ourincrediblejourney.tumblr.com/
- keville 10y agoThis is awesome, and sad, just like the Valley.
- sean_patel 10y agoAcqui-hire?
- caiob 10y agoI still have a hard time understanding why an early stage acquisition is something to be celebrated in this industry.
- ProAm 10y agoJoining Twitter seems like a bad move for any company, hopefully those stock options paid out well.
- jondubois 10y agoWTF is "Yes, Inc"? They're so insignificant, they don't even have an Alexa ranking. http://www.alexa.com/siteinfo/yesitsyes.com http://www.alexa.com/siteinfo/yesitsyes.com None of their products seem popular either: http://www.alexa.com/siteinfo/getfrenzy.com http://www.alexa.com/siteinfo/getfrenzy.com and http://www.alexa.com/siteinfo/itswyd.com http://www.alexa.com/siteinfo/itswyd.com This has SV nepotism all over it. Thankfully, Twitter doesn't have a monopoly so they can't afford to keep doing this. If I was a Twitter investor, I would be outraged (assuming that this article is true).
- spullara 10y agoThe CEO is joining Twitter as their VP of Product.
- hartator 10y agoWhy haven't they just hired him? It's not like this company's products is worth anything as they are shutting everything down. It's shameless acquihire.
- tptacek 10y agoWhat is a "shameless acquihire"?
- joshuahutt 10y ago...the opposite of a "shameful acquihire"? Maybe they couldn't get him/them to abandon the app without buying it out.
- gtirloni 10y agoI believe it's being implied that the shame should be in spending all this money to hire a few people (that, supposedly, they could get cheaper on the market). Maybe that they should feel embarrassed in front of investors? That's what I understood.
- nicky0 10y agoHas there ever been an acquisition announcement that didn't include the word "excited"?
- downandout 10y agoEach of their apps have 10-50K users. Based on the number of reviews on each, I'd say they're probably on the higher end of that. But let's say they have 100K combined users...how does a company like that even get on Twitter's acquisition radar? I doubt it's for very much - probably more of an acqui-hire situation - but even those can be in the low seven figures. It's interesting that they're doing acqui-hires in the wake of layoffs. I guess it really is all in who you know.
- geodel 10y agoTwitter seems to be learning best practices of Yahoo. Acquiring small/insignificant products and generate buzz (laugh?) in tech media.
- tptacek 10y agoIs there some other buzz I'm missing or is the only buzz we're talking about literally just the blog post the company they acquired wrote to announce they'd been acquired?
- wattt 10y agoDing, dong, an app is dead! What did it do? I have no idea.
- countryqt30 10y agoMaybe they just wanted the domain? As others have pointed out the acquired company is worth next to nothing.
- poetic 10y agothey joined the sinking ship...
- tptacek 10y agoThis whole thread is so bad I flagged the story as a form of psychic self-defense. Like, apparently, the rest of you, I have no idea what "Yes" does, or why I should care. I don't know why 'coloneltcb submitted the story --- they don't work at Yes. What I do know is that if you run a company --- really any company --- and it winds down, it is a normal thing to write a post like this. In this case, the company apparently has many dozens of users, so it makes even more sense to do it. † Meanwhile, another perfectly normal thing to do in 2016 is to "acquire" a company as a means of importing a gelled dev team all at once. If the acquired company has no other real prospects, this isn't a bad thing; it's a soft landing. The availability of soft landings makes it easier for all of us to start companies. Since most companies fail anyways, it's hard to see how they hurt users. Almost every comment on this thread seems to be taking Yes to task for putting a brave face on an acquihire. "Spot the duress acquihire" is one of our less appealing sports here on HN. I wish we'd do some more self examination about where the impulse to play that game comes from. † We just went through this ourselves, and the anticipation of a thread like this is a big part of why I haven't gotten around to writing it yet.
- mikebay 10y agoI would not like to do any business with social media corporation, that supress peoples opinions and delete they accounts! Noway Twitter, your business is censorship business and thats not my business. Twitter, no thanks!
- randomsofr 10y ago> we’ll be shutting down our apps so sad, they seem so useful.