Moneycontrol PRO
Loans
Loans
HomeNewsBusinessStartupGoogle grabs Twitter app platform Fabric

Google grabs Twitter app platform Fabric

Twitter last year was in talks to sell itself with several firms including Google parent Alphabet, but without a deal decided to continue on an independent path, cutting jobs and refocusing on its core services.

January 19, 2017 / 18:48 IST

Google is acquiring Twitter's mobile application developer platform Fabric, a move which could give some breathing room for the social network after charting an independent path without a suitor.

Terms of the deal were not announced.

Twitter last year was in talks to sell itself with several firms including Google parent Alphabet, but without a deal decided to continue on an independent path, cutting jobs and refocusing on its core services.

The sale of Fabric will shift to Google the platform used by developers for mobile apps.

"When we launched Fabric in 2014, our goal was to provide the best tools to help developers create amazing apps," the Fabric team said in a blog post.

"Today we enter the next chapter for Fabric and are pleased to announce that we've signed an agreement for Fabric to be acquired by Google and for our team to join Google's Developer Products Group, working with the Firebase team." Google Firebase product manager Francis Ma said buying Fabric will "continue the great work that Twitter put into the platform," adding that "our missions align closely: help developers build better apps and grow their business." Twitter has been in a reorganization phase as it seeks to hit profitability for the first time, and to boost user growth which has been stagnating in comparison with other social networks.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

first published: Jan 19, 2017 01:10 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347