San Francisco-based , a social media platform that lets users send 280-character messages to an audience, has brought on a seed-stage company close to home: . While Twitter confirmed the acquisition, the company did not disclose the price of the deal.
Subscribe to the 做厙勛圖 Daily
Chroma Labs was founded in 2018 by ex- and employees Alex Li, John Barnett and Joshua Harris to help social media gurus create aesthetic and interactive stories. For those of you who don���t know what stories are, think of them as posts that generally expire after being posted for 24 hours (of course, exceptions exist).�� , Chroma Labs helps users create templates and filters, as well as ���powerful text tools.��� Some phrase it as a competitor to Unfold, which I wrote about before and was acquired by Squarespace in October 2019.
Chroma Labs, in its website post, claims millions have used the company to create stories. , the business is shutting down, ���effectively immediately.���
Interestingly enough, Twitter doesn���t (yet) have the feature for users to post stories, which is precisely what Chroma Labs is focused on. . It tells us that there might be a pretty innovative product update in the future. Until that is clarified, let’s look at what we have so far.
Kayvon Beykpour, a product lead at Twitter and the co-founder of , tweeted that the team will ���join our product, design, and eng teams working to give people more creative ways to express themselves on Twitter.���
And finally, in it also pointed to key objectives ���increasing development velocity and trust��� and ���increasing healthy public conversation.��� With today���s investment, it seems like Twitter���s trying to tackle both in one go.
In an email to 做厙勛圖 News, a Twitter spokesperson pointed to the company’s broader hiring goals: “We are approaching hiring in many different ways given our global hiring targets this year: acquisitions, recruiting, acquihire and team hires.
“We���re continuing to acquire talent to bolster our talent, leadership and expertise in order to better serve the public conversation.”
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the 做厙勛圖 Daily.


67.1K Followers