Liz Gannes

Recent Posts by Liz Gannes

Twitter Buys Posterous; It’s Not Quite an “Acqhire” as Product Won’t Be Shut Down

Posterous, once a blogging service competitive with Tumblr and now a group conversation tool, has been bought by Twitter.

The company’s product, Posterous Spaces, will remain up and running. “We’ll give you ample notice before any changes or disruptions to the service and we’ll provide specific instructions for exporting your content to another service,” Posterous told users.

Most of Posterous’ employees joined Twitter, where they will be working on “several key initiatives.”

As of last September, Posterous told us it had 15 million monthly unique visitors, with three million of its users accessing its products solely through email.

Posterous had raised $10 million from backers included Redpoint Ventures, Trinity Ventures, Jafco Ventures and Y Combinator.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik