Micro-blogging site Twitter has acquired Yes Inc., a seven-person mobile app startup that has created Frenzy, which bring friends together in real life and WYD (What you doing), that allow users to connect with their friends.
The companies did not disclose the financial terms of the deal.
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Yes Inc. founder and CEO Keith Coleman and six other employees are all joining Twitter in product and design roles. Coleman Twitter’s new VP of Product will be running Bluebird, Twitter’s core product, and the most difficult job in the company. Colman is third executive to lead the division in Twitter in less than a year.
A post on the Yes website read,
“Yes will be joining Twitter! Our team has always admired Twitter, a product that brings the whole world closer. From elections to revolutions, olympics to arts, it connects people across the globe around the events that are happening right now. Twitter also speaks to our love of working at a global scale. Prior to forming Yes, our team spent their careers building products like Gmail, Android, PayPal and others that serve hundreds of millions of people, and we’re excited to bring our efforts to connecting the world at a huge scale.”
Twitter CEO Jack Dorsey tweeted, “Yes! Keith and team are joining Twitter to help lead and strengthen our service!”
Yes! Keith and team are joining Twitter to help lead and strengthen our service! https://t.co/5aFouFxTsh
— ??jack (@jack) December 1, 2016
In the coming weeks, Yes apps we’ll be shutting down “So that we can focus entirely on our new efforts.”The company explain, “We are sad to see them go.”
In the third quarter, Twitter posted a loss of $103 million on revenue of $616 million. Average monthly active users grew in the quarter by 3 percent year-on-year to 317 million.
