MICRO BLOGGING NETWORK Twitter has added the flashy micro blogging startup Posterous to its roster of services.
The firms have not disclosed the financial terms of the deal, but it looks like Twitter has bought the upstart company soup-to-nuts and will take on at least the bulk of its staff.
"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," Twitter wrote in a blog post.
"Posterous engineers, product managers and others will join our teams working on several key initiatives that will make Twitter even better."
Posterous users have been told that their 'Spaces' will remain up and live, and that they will be given "ample notice" if this changes. The service is not unlike Twitter, but differentiates itself by focusing on sharing media.
Twitter, which has half a billion users, has recently increased the sharing side of its service by adding its own photo upload service. It has also increased the marketing side of its business, adding ads to its mobile users' feeds and selling off the rights to access chunks of its historical data to marketers.
If Twitter is pleased with the purchase, then Posterous is thrilled. "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. Plus, the people at Twitter are genuinely nice folks who share our vision for making sharing simpler," Posterus said in its own blog post about the deal.
"Finally, we'd like to offer thanks to all of our users, especially those who have been with Posterous since day one. The last four years have been an amazing journey. Your encouragement, praise and criticism have made us better. Thanks for that. We look forward to building great things for you over at Twitter." µ
We don't have enough faces or palms
You'll find it in the App Store under 'hipster'
Firm's OLED plant is working at 'less than 50 per cent capacity'