Comment on Be Afraid, Google. Facebook Will Do Search. by cheese
Backlink: http://gigaom.com/2011/03/25/facebook-search-googl/#comment-612420
Comment on Be Afraid, Google. Facebook Will Do Search. by cheese
Backlink: http://gigaom.com/2011/03/25/facebook-search-googl/#comment-612420
Bill Gross just got more money to fuel his campaign to buy Twitter clients – and possibly build a rival to Twitter itself.
Gross company UberMedia announced today that it has raised $17.5 million from Accel Ventures.
UberMedia, which already owns popular Twitter apps for the desktop, BlackBerry, Android, and iPhone, is currently in the process of acquiring TweetDeck.
This money will, in large part, go toward that acquisition – rumored to be a cash and stock deal worth as much as $30 million.
What exactly is Gross up to, collecting all these Twitter apps?
At the very least, he is trying to aggregate Twitter's users and figure out a way to make money off them.
If he can do that, it would, in reality, be great news for Twitter. CEO Dick Costolo is having a hard time coming up with a way to make money. If UberMedia figures it out, Twitter has enough funding and brand power to be able to buy UberMedia or just copy it.
But people say the relationship between Gross and Twitter, while recently smoothed over, remains strained.
One source briefed on today's news before it was announced tells us UberMedia wanted to keep the investment quiet because "Twitter does not really like this Bill Gross sideshow and there is fear of a freak."
Why the tension?
Some possibilities…
Reached about the investment early this morning, Gross declined to comment.
Join the conversation about this story »
See Also:
Why Is Twitter So Afraid Of This Man?
Comment on Should We Be Afraid of Apple, Google and Facebook? by John
Backlink: http://gigaom.com/2010/11/25/tim-wu-google-facebook/#comment-525705
Comment on Should We Be Afraid of Apple, Google and Facebook? by John Conor
Backlink: http://gigaom.com/2010/11/25/tim-wu-google-facebook/#comment-524183
Comment on Should We Be Afraid of Apple, Google and Facebook? by eideard
Backlink: http://gigaom.com/2010/11/25/tim-wu-google-facebook/#comment-523837
Comment on Should We Be Afraid of Apple, Google and Facebook? by PRETHOUGHT
Backlink: http://gigaom.com/2010/11/25/tim-wu-google-facebook/#comment-523821