Pinterest acquires Instapaper
Pinterest has announced the acquisition of
Instapaper for an undisclosed amount. The two services will continue to operate
independently, however, the Instapaper team will also work on Pinterest and as
such, has moved from their New York City office to Pinterest's San Francisco
office.
Pinterest's acquisition of Instapaper seems
fitting, considering Pinterest itself is a service based around saving content
for later from around the web, primarily as images and short text snippets,
whereas Instapaper is about saving long articles for later reading.
This isn't the first time Instapaper has had
a change of ownership. The product was first developed and operated by Marco
Arment, who sold it to company called betaworks back in 2013.
Instapaper also announced that it will be
shutting down its parsing tool for web developers, called Instaparser. Other
than that, Instapaper assures the product will continue to operate the way it
always has.
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