TechSummit Rewind 125

This is the TechSummit Rewind, a daily recap of the top technology headlines.

Twitter acquires Yes, Inc.

Twitter HQ

Twitter has acquired app maker Yes in a move to encourage its users to get better acquainted with each other around events. As a result, the company’s Frenzy and WYD apps will be shuttered “in the coming weeks.”

“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.”

–  Yes, in a blog post

Company founder Keith Coleman will be joining Twitter as its’ vice president of product.

AngelList acquires Product Hunt

product-hunt-angellist

AngelList, the company that helps investors find startups to invest in, has acquired Product Hunt, the company that lets people share and discover new products posted by other users.

According to Product Hunt founder Ryan Hoover, the site will continue under its own brand as a part of the AngelList umbrella.

“The word that AngeList has been using to some extent is ‘continuity.’ Over time, we’ll explore ways of doing direct integrations. We probably won’t see anything in the short term, but down the road you might see some of the talent pieces of AngelList come over to Product Hunt and maybe some of the Product Discovery aspects go to AngelList.

“[Building a revenue stream] requires a whole new focus within our company and a lot more resources to actually make that work, not only from a product perspective but also from a sales and marketing perspective. We’d basically be building some of the same things [AngelList] would be doing to some extent. So on the revenue side that’s a large accelerant.”

-Ryan Hoover, Product Hunt founder

According to Hoover, “most” of Product Hunt’s 14 employees will join AngelList with Hoover reporting to AngelList CEO Naval Ravikant.

Moto indefinitely halts smartwatch production

2015 Moto 360

Moto has confirmed that it won’t be releasing a new smartwatch for the launch of Android War 2.0.

According to Moto head of global product development Shakil Barkat, the company doesn’t see “enough pull in the market to put [a new smartwatch] at this time.”

“Wearables do not have broad enough appeal for us to continue to build on it year after year.

“We believe the wrist still has value and there will be a point where they provide value to consumers more than they do today.”

–    Shakil Barkat, Moto head of global product development

Nokia-branded Android smartphones arriving in first half of next year

nokia_lumia_930_range2

 

HMD Global, a Finnish company created to return the mighty Nokia name to smartphones, has taken the wraps off plans to add Nokia-branded Android phones to its existing feature phone lineup in the first half of next year as part of a branding deal with Nokia.

“We see this as a brilliant opportunity to solve real life consumer problems and to deliver on the quality and designs that the Nokia brand has always been known for. Our talented and passionate team is uniquely placed in this modern setup to deliver our promise of reliable, beautifully crafted, and fun Nokia phones for consumers around the globe.”

– Arto Nummela, HMD Group CEO

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