acquisitions

Twitter Buys Anti-Abuse Company To Help It Suck Less

Twitter Buys Anti-Abuse Company To Help It Suck Less

Historically, Twitter has done a poor job of protecting its users from incessant abuse and threats. In a bid to curb the rampant harassment on its service, however, Twitter announced late last night that it’s buying Smyte, a San Francisco-based startup that aimed to help companies curb spam, fraud and abuse…

Nokia Screws Up Again, Sells Withings Back To Its Co-founder

Nokia Screws Up Again, Sells Withings Back To Its Co-founder

Another day, another company snatching defeat from the jaws of victory. This time it’s Nokia, as the company has decided to sell its health division – formerly known as Withings – which it purchased for $US191 million in 2016. The sale itself seemed inevitable, and its price undisclosed, but its…

Why Did CNN Just Buy A Totally Useless App?

Why Did CNN Just Buy A Totally Useless App?

This morning, CNN announced that it had acquired Beme, YouTube vlogger Casey Neistat’s middling, authenticity-obsessed social media app. Neistat, co-founder Matt Hackett and the app’s team will all join CNN’s ranks, where they will “launch a new media brand dedicated to timely and topical video content powered by bleeding edge…