Exit This Way
We suppose there’s worse ways to end a blue winter Monday than by watching another startup cash out. Business Insider is reporting that Twitter has acquired social TV analytics firm Bluefin Labs. While headquartered in Cambridge, Massachusetts (nestled in the warm bosom of its mother institution, MIT), CEO J.P. Maheu is based here in the New York City.
So far there’s no number, but Business Insider says it’s Twitter’s largest acquisition to date, north of the $40 million it paid for Tweetdeck, suggesting a price tag somewhere between $50 million and $100 million. Cha-ching!
API Rate Limit Exceeded Back in April of 2010, the Library of Congress promised to add every tweet up to that date to its famous archives. But like anyone following too many people at once, it’s just caused one big mess. The library now has an archive of approximately 170 billion tweets totaling to a compressed 133.2 terabytes. Now the librarians of Congress are planning to work with Gnip, the company currently organizing all of the data, to develop a plan for archiving all of the tweets.
Apparently there have already been more than 400 access requests to the Twitter archives from researches doing work on citizen journalism and political communications. Someone needs to teach the librarians how to make lists as soon as humanly possible.
With the Republican and Democratic conventions just days away, the presidential election is kicking into high gear, and suddenly everyone in your Twitter and Facebook feeds are self-appointed pundits. This isn’t the first election cycle supercharged by the existence of social media, but there’s more people online posting more content than ever–which makes all that sentiment both more valuable and more difficult to parse.
Enter The Crowdwire, a new effort devoted to making sense of all that chatter.
“This is the biggest conversation, in essence, that the world has ever known,” William Powers, the project head, told Betabeat. “There are now a couple of billion comments a week in social media. So how do you get your arms around that? How do you make sense of that? How do you make it more than just a Tower of Babel?”