A company that hasn't figured out its business model and is not sure about the next quarter's revenues, is buying up companies. Twitter has acquired Tweetie, a popular tweeting application developer for the iPhone. Through this acquisition, Twitter is trying to strengthen its presence in the mobile world. This application which used to sell for $3 will be free now. Hopefully Twitter will figure out a way to monetize and recover the cost of this acquisition.
No comments:
Post a Comment