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Posterous closing on April 30th to focus on Twitter
It's almost inevitable as breathing: a tech powerhouse acquires a clever yet small startup solely for its talent or technology, and lets any leftover services wither away. Posterous' decision to shut down following its 2012 acquisition by Twitter is very nearly a textbook example. The 4-year-old firm will close its Posterous Spaces service on April 30th to shift all of its attention to Twitter, giving customers just over two months to back up their content. There is an unusual twist to this seemingly predictable story, however. Those still using Spaces will have a place to go -- along with Squarespace and Wordpress import tools, Posterous founders Brett Gibson and Garry Tan are planning to launch Posthaven as a (not entirely intentional) refuge. Diehards will still have reason to mourn the end of an era, but the closure at least won't be the end to their creations.
Twitter snatches up Posterous, microblogging field about to get a little bit smaller
The Y Combinator-funded Posterous had its time in the sun and now it's being absorbed by the biggest player in the microblogging market. The simple sharing service struck a chord with many of Silicon Valley's elite, but it never managed to make a major dent in a field already dominated by the likes of Tumblr and its now owner, Twitter. The teams from Posterous will simply shift over to products at its new parent company and let their creation die a slow and likely unspectacular death. There are no concrete plans to retire Posterous Spaces just yet but, should that day come, we've been promised plenty of warning and instructions for backing up your content. Now we'll just have to wait and see what "key initiatives" Twitter has in store for its new employees.
