Acqui-Hires

  • Snap Inc. Takes Flite (Report)

    … Snapchat parent Snap Inc. acquired ad-tech company Flite, “multiple sources” told Kurt Wagner of Recode. Wagner reported that the deal is an acqui-hire, meaning that Snap Inc. was more focused on the Flite team than on its technology. According to Wagner, Flite focuses on content creation, such as tools that enable brands to create digital ads, 360-degree video ads and vertical video ads optimized for mobile. Readers: What are your thoughts on this acquisition by Snap Inc.? …

    David Cohen/ AllFacebook- 11 readers -
  • 3-D Image-Sharing App No Longer on Seene After Snapchat Acqui-Hire

    … that Snapchat was more interested in the company’s computer vision technology and engineering team than in the app. According to Dillet and Lomas, the acqui-hired members of the Seene engineering team, including at least one senior engineer, are relocating to Los Angeles. Seene posted the following announcement on its website, with no mention…

    David Cohen/ AllFacebook- 13 readers -
  • This One Time, Pinterest Acqui-Hired Math Camp …

    … but fizzled and shut down in 2015, Lynley reported. According to Lynley, most of the Math Camp team will join Pinterest, including CEO Paul Davison, who will work across multiple areas at the social network. Lynley pointed out that Shorts had just launched in March. Readers: What are your thoughts on Pinterest’s latest acqui-hire? …

    David Cohen/ AllTwitterin Social- 9 readers -
  • Pinterest Acqui-Hires Team Behind Shopping App tote

    … of sorts lately, having added the team behind smart keyboard app Fleksy last week. Bidgoli, Amini and Lang wrote in a blog post: The hard reality of building a consumer business is that a great product alone does not result in a viable business. As we geared up to raise our next round of funding, we came across an opportunity to join Pinterest, where we…

    David Cohen/ AllTwitterin Social- 17 readers -
  • Facebook Acqui-Hires Publishing Startup Tugboat Yards

    …. July 15: Tugboat Yards will shut down for good. VentureBeat reported that current users of Tugboat Yards include Deca, Let’s Make Mistakes, Maura Magazine, Offbeat Empire, Radio Silence, Scratch and Wine for Normal People, and Tugboat Yards suggested Memberful, TinyPass and Patreon as alternatives in its blog post. The company explained its decision…

    David Cohen/ AllTwitterin Social Facebook- 9 readers -
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