The entrepreneur added that he and his team will work alongside Twitter employees to try to take the “vision” they had at Sphere and “integrate that into various parts” of Twitter. “Obviously Sphere was our own thing and that’s no longer relevant to what Twitter is trying to achieve,” D’Aloisio said. Sphere said in a blogpost that it will be “winding down” its standalone product in November as a result of the acquisition.
But D’Aloisio claimed “everyone is happy”.
The terms of the deal, which was announced on Wednesday and will see approximately 20 Sphere employees join Twitter, have not been disclosed. Roughly 500,000 people used the first version of the app, D’Aloisio said, but he declined to comment on the latest user numbers. “It’s really important and necessary in order to achieve impact to partner with the right companies at the right time that have similar visions and ideas,” D’Aloisio told CNBC. Also Read - Amazon Great Indian Festival sale: Best deals on Redmi 10 Prime, OnePlus 9R, iPhone 11 and more Also Read - Intel launches 12th Gen Alder Lake chips: Core i9-12900K claimed to be world’s best gaming processorīetween 20, it raised around $30 million from investors including Index Ventures, Airbnb co-founder Brian Chesky, Tinder co-founder Sean Rad and Sequoia venture capitalist Mike Moritz. Incorporated in 2016, Sphere started out as a real-time question and answer app that involved micropayments before it pivoted to become more of a group chat app, CNBC reported.
Also Read - Qualcomm launches four new mid-range Snapdragon chipsets: Details here The Sphere app was co-founded by British serial entrepreneur Nick D’Aloisio. The micro-blogging website acquired the app in order to strengthen its social communities. Twitter has acquired London-based group chat application Sphere.
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