Twitter buys TweetDeck for $40-$50M
Twitter clients are incredibly popular pieces of software. Be it desktop, mobile, or web, it seems there is a Twitter app for every single taste in UI out there.
But is it always going to be that way?
Twitter itself has been snatching up quite a few clients as of late, and that diversity is going with them.
The reason for Twitter's back-pocket hole? The company feels threatened by all these clients and wants to keep all the market share it can for itself. Its solution to get rid of this problem is to buy companies like TweetDeck to alleviate some of the pressure. The acquisition took roughly $40-$50 million from Twitter's piggy bank, which shows just how serious the company is in wanting to be the last one standing. So if you haven't downloaded TweetDeck yet, then you'd better get it now; I'm not so sure it will be around much longer.
In my mind, I think what Twitter is doing is bad business practice. I don't know how, but I hope people express their dissatisfaction, maybe by a decline in overall Twitter service usage or just some angry tweets.
[TechCrunch]