Re:FlightCaster (YC S09) Acquired
by jackowayed on Monday January 10, 2011 @01:50PM
(#2089324)
Pownce was floundering because Twitter basically made them irrelevant. Flightcaster hasn't been around all that long and seemed to be doing fine. It's pretty unlikely that they sold for a price that they're unhappy with.
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Not clear what the real situation was and it may be difficult to determine for a while. They clearly abandoned their initial business and business model completely, no shame in that, but this may just be a talent acquisition.