Betaworks Takes Over News-Saving App Instapaper
Betaworks has bought Instapaper, the read-it-later service built and run by Marco Arment. The widely read developer said on his blog today that he wanted to focus on other projects, and Betaworks — which is also in the midst of revamping Digg — would give Instapaper the staff and attention it deserved. While Instapaper had sustained itself as a paid app, competitor Pocket already took the company-building route and raised $7.5 million over two rounds.