‘Twitter Acquires Data Startup Gnip’ – ‘Mashable’

Jason Abbruzzese says, “Twitter is acquiring social data analytics firm Gnip, a step that will give the microblogging service more control over the monetization of its data.

The value of the deal was not immediately disclosed, but Gnip has raised $6.6 million in funding. Gnip was the first company to be authorized to resell Twitter’s historical data.

Twitter and Gnip announced a partnership in 2010 that provided the “firehose” of data to clients, helping to generate revenue from the information created by Twitter’s user base“.