BREAKING NEWS

22 June 2016

Twitter acquisition machine learning startups Magic Pony

With the global economy has entered a troubled acquisition of the technology sector also frequently staged. And Twitter's share price has been in a downward interval, the co-founder Jack Multiple regression since West Jack Dorsey, has been re-implemented user facing growing pressure. At this time, we must make some changes.
Twitter has also made a movement,announced the acquisition of machine learning start-up companies from London Magic Pony Technology. This company has a photo recognition technology; 

the algorithm can identify image features. Spokesman declined to disclose the purchase price. However, sources said, Twitter may pay $ 150million,including bonuses.

This is not the first time Twitter bet field of machine learning, which in July 2014 acquired Madbits, 2015 Nian acquired in June Whetlab, which is its third acquisition machine learning company.So far this year, Twitter's shares fell nearly 40% in the second quarter outlook is much lower than expected, more importantly, its subscriber growth almost stagnated.

 Twitter must enhance the attractiveness of the product to change the user growth and interaction.

After this acquisition was completed, Twitter will use its technology to improve the visual experience of their applications, help enhance the live and video services. The Magic Pony team will focus on the development and integration of people to easily find and share experience on participation.


For Twitter, it must be generated as soon as the acquisition of chemical reactions; there is a new product out of the growth and enhance the user experience. Otherwise, the stock continued to decline, then there may be acquired fall into the abyss. And this acquisition also indicates that, in a later period, or a video broadcast technology hot spots.

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