Stocks to watch on Tuesday: CE, IEX, SONC >>> READ MORE

TWTR: Twitter Buys Long-Time Data Partner Gnip

Terms of the deal were not revealed


On Tuesday, Twitter (TWTR) announced that it has agreed to purchase social data provider Gnip.

twitter logo window 630
Source: Flickr

In a post on its corporate blog, TWTR noted that Gnip had been “a long-standing Twitter data partner” and had “played a crucial role” in compiling and analyzing Twitter’s public data.

Amazon Buys Digital Comics App ComiXology
Amazon Buys Digital Comics App ComiXology

TWTR noted that it would continue to make Twitter “data available to Gnip’s growing customer base.” The social messaging service said it would leverage Gnip’s resources to expand its existing data platform.

The Wall Street Journal noted that Gnip’s partnership with TWTR dates back to 2006. Gnip, which resells analysis of TWTR data, has customers in more than 40 countries.

Twitter did not disclose any financial terms of its acquisition of Gnip.

Twitter shares climbed more than 1% in Tuesday morning trading.

More Twitter News:

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC