Twitter buys social data provider Gnip

Tue Apr 15, 2014 10:08pm IST

A portrait of the Twitter logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer/Files

A portrait of the Twitter logo in Ventura, California December 21, 2013.

Credit: Reuters/Eric Thayer/Files

Related Topics

Stocks

   

REUTERS - Twitter Inc (TWTR.N) said it bought social data provider Gnip to provide enhanced data analytics capabilities to its business customers.

Twitter did not disclose the price it paid for Gnip.

"Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter," the microblogging company said in a blog. (r.reuters.com/haq58v)

Founded in 2008, Gnip has a four-year-old partnership with Twitter and helps companies analyze data across every public tweet.

Gnip also has partnerships with other social media companies such as Tumblr, WordPress, Foursquare, Disqus, IntenseDebate, StockTwits and GetGlue.

Twitter's shares were little changed at $41.02 in late morning trading on the New York Stock Exchange.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Kirti Pandey)

FILED UNDER:

TECH WRAP

Reuters Showcase

GDP Growth

GDP Growth

India's economic growth revised up by almost 50 pct.  Full Article 

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Child Trafficking

Child Trafficking

Police find hundreds of child slaves making bangles - media   Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

England Beat India

England Beat India

England reach final after Taylor-made victory.  Full Article 

Change Of Heart

Change Of Heart

Justin Bieber says dropping 'arrogant' and 'conceited' attitude  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage