19 December 2014

Twitter acquires social media sentiment tracker Gnip

16 April 2014  |  3130 views  |  1 Twitter logo

Twitter has acquired Gnip a provider of aggregated social media content which is used by hedge funds, banks and signal providers to assess market sentiment and conduct analytics.

Gnip, Founded in 2008, has a four-year-old partnership with Twitter but also provides data for social media content on Tumblr, WordPress, Reddit, Instagram, and Foursquare.

In the financial sphere, the company has distribution deals with earnings platform Estimize and StockTwits, while its social data fire hose has been integrated with Streambase's complex event processing platform.

Boulder-based GNIP says the acqusition by Twitter will give the firm access to resources and infrastructure to scale to the next level and offer more in-depth data and analysis.

In a statement, Twitter says: "We believe Gnip has only begun to scratch the surface. Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter. With the help of Gnip's Boulder-based team, we will be extending our data platform - through Gnip and our existing public APIs - even further."

Comments: (1)

Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 17 April, 2014, 17:33

Wonder if Twitter will renew its firehose contracts with DataSift, Radian6, ViralHeat and other competitors of Gnip. 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 December, 2013
13 November, 2013
26 July, 2013
04 April, 2013
03 April, 2013
14 February, 2013
13 February, 2013
13 November, 2012
19 June, 2012
07 March, 2012

Related company news

 

Featured job

Competitive base, bonus, full benefits
Anywhere, UK (Europe Considered)

Find your next job