Armed with $200-million in fresh venture capital, Twitter has made an acquisition but it’s not something that cost them a lot, if any, money.
Instead, Twitter acquired Fluther, a three-year-old business that specializes in offering Q&A service that is similar to Quora, Aardvark or Yahoo Answers. In return for probably a stake in the company, Twitter bought the five-person team to expand its talent pool – something it has done in the past.
The question now is whether Twitter is going to create its own Q&A service. It goes without saying that Q&A is one of Twitter’s “killer apps”, along with customer service. With Q&A gathering so much traction, it makes sense for Twitter to establish a stake in the ground.
Of course, making cool acquisitions also distracts people from the fact Twitter still doesn’t have a viable business model that generate revenue but that’s another story for another day.
For more details on the Fluther deal, check out TechCrunch.
Twitter’s Q&A Ambitions
Instead, Twitter acquired Fluther, a three-year-old business that specializes in offering Q&A service that is similar to Quora, Aardvark or Yahoo Answers. In return for probably a stake in the company, Twitter bought the five-person team to expand its talent pool – something it has done in the past.
The question now is whether Twitter is going to create its own Q&A service. It goes without saying that Q&A is one of Twitter’s “killer apps”, along with customer service. With Q&A gathering so much traction, it makes sense for Twitter to establish a stake in the ground.
Of course, making cool acquisitions also distracts people from the fact Twitter still doesn’t have a viable business model that generate revenue but that’s another story for another day.
For more details on the Fluther deal, check out TechCrunch.