Twitter buys London-based chat app Sphere
By Sam Boughedda
Investing.com – Twitter Inc (NYSE: TWTR) has revealed it has acquired Sphere, a group chat app co-founded by UK entrepreneur Nick D’Aloisio.
Twitter shares fell 0.5% on Thursday
The London-based company was previously a question-and-answer app involving micropayments before changing course to become a group chat app.
“Sphere started with a very different mission: to help anyone find and share knowledge instantly through the creation of a ‘world brain,’ Sphere said in its announcement.
“What we realized was that some of the most useful and informed conversations came from groups where members felt a strong sense of belonging to one another,” they added.
The company has seen investments from Airbnb Inc (NASDAQ: ABNB) co-founder Brian Chesky, Tinder co-founder Sean Rad and Sequoia venture capitalist Mike Moritz.
Although financial details of the deal were not disclosed, it has been confirmed that 20 Sphere employees will join Twitter. Additionally, Sphere has announced that it will be phasing out its standalone product next month.
In a tweet, Twitter VP of Engineering Nick Caldwell announced the deal, saying, “The expertise of the Sphere team and the passion for leadership in finding ways to help people achieve. getting connected will help accelerate our roadmaps for communities, DMs and creators.