Y Combinator
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ACLU signs on with Y Combinator after $24 million donation
The ACLU, in an average year, fundraises around $4 million. After stridently opposing Trump's unconstitutional immigration ban last weekend, the civil liberties watchdog was rewarded by the American public with a windfall of donations totalling $24 million -- six times its average annual income. On Tuesday, startup accelerator Y Combinator announced that the ACLU is enrolling as part of its Winter 2017 class to figure out how to best utilize this monetary windfall.
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.
