Within a month of its proclamation that Posterous Spaces is not up for sell (19 days to be precise), the blogging and cross-platform sharing company has lost its employees to Twitter.
Twitter has acquired Posterous Spaces!
In the blog post announcing the acquisition, twitter didn’t leave it a mystery that the acquisition is more because of the engineers (and perhaps technology) and not of the product.
In a blog post announcing the acquisition, twitter wrote, “Today we are welcoming a very talented group from Posterous to Twitter. This team has built an innovative product that makes sharing across the web and mobile devices simple—a goal we share. Posterous engineers, product managers and others will join our teams working on several key initiatives that will make Twitter even better.”
The exact details of the deal is not very clear, but the announcement that Posterous team couldn’t be happier indicate of some large numbers. The blog post on Posterous also indicated that there might not be any further development in Posterous, but both Twitter and Posterous has emphasize that they do not have any plan to shut this service anytime soon. The blog post stated, “We look forward to building great things for you over at Twitter.”
Posterous was started by Sachin Agarwal, a Stanford Graduate, who worked in Apple’s Final Cut Pro for 6 years before taking on the task of making blogging easier. Announcing the acquisition of Twitter, in his blog post on Posterous, Sachin wrote, “The opportunities in front of Twitter are exciting, and we couldn’t be happier about bringing our team’s expertise to a product that reaches hundreds of millions of users around the globe.”
He went on to add, “I'm incredibly thrilled to be joining Twitter as a Product Manager. I'll be working for @satyap and indirectly with @jack to make Twitter an even more awesome product. And I'll be able to focus on product, without also worrying about running the company.”
The smile on Sachin’s face may not be as mysterious as that of Mona Lisa, but it is cryptic enough to hide the details of the bid, particularly numbers involved in it.
April 22, 2013, 5:55 am UTC
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