Twitter has acquired TweetDeck, an application for organizing the display of tweets, for more than $40 million in a mix of cash and stock, according to sources close to the deal.
I saw this last night and didn’t post about it because I couldn’t figure it out — I am still scratching my head here. Either Twitter knows something I don’t about TweetDeck, or their management is far worse than I think.
Typically I would go with the former, but lately that is getting hard to believe.1
Given their penchant for pissing away VC funds… ↩