Didn’t see that one coming. I use Instapaper every single day, and I hope this keeps Instapaper around for a long time and frees up Marco to make more new stuff. From his post:
I’m happy to announce that I’ve sold a majority stake in Instapaper to Betaworks. We’ve structured the deal with Instapaper’s health and longevity as the top priority, with incentives to keep it going well into the future. I will continue advising the project indefinitely, while Betaworks will take over its operations, expand its staff, and develop it further.
I’ve been in a similar place before; having a successful project that can continue growing but needs a bigger team and more resources, but you don’t want to make it your entire career. Marco, it seems, felt similarly before he made the decision to sell.
It was only a matter of time before Twitter started getting to the app game. Here’s to hoping Twitter doesn’t wreck my favorite client.
Financial terms not disclosed, as usual. The acquisition makes sense as Facebook has basically spent the last 6 months trying to emulate FriendFeed and Twitter.