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.


Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus