Twitter buys Vine
slashgear.com
slashgear.com
An example of a post from Kevin Rose: http://vine.co/v/u7a
The service seemed to be used by much of the Silicon Valley elite (SV Angel Partners, Kevin Rose, MG Siegler) so one could presume many of these people or their firms were investors.
It's a shame to see a company 'acquired' so early on as I like to believe most founders are in it for the long haul but I think this could be similar to when Facebook bought Karma (Gifting) or when Twitter bought Summify (Email newsletters), they aren't only buying them for the talent but to use their technology within their product.
They had really great twitter search technology and I was hoping it would be integrated into twitter when they were acquired a while back, but judging from Twitter's search results, it looks like it hasn't.
On the technology side a lot of our core tech is being used across different teams here. Storm is being used to help power applications for analytics, revenue, content discovery, anti-spam, search and more.
Also we're currently hiring engineers to work specifically on that technology so feel free to reach out to any of us from the BackType crew to get involved.
http://news.ycombinator.com/item?id=4633185 is the submission for the story that this submissions cites as its source