Kinda sucks. I love Spool and use it all the time. Was a little shocked when I got an email the other day from the Spool team that the service was being shut down.
Hopefully the do well at Facebook.
It isn’t a $1 billion Instagram deal, but Facebook has acquired the team at mobile social book marking site Spool, according to Spool and reported by All Things D. Facebook doesn’t appear to be acquiring any of the Spool mobile product itself, and Spool will shut down its own service.
Facebook has a long history of making acquisitions for teams, rather than products, including the folks at Chai Labs, ShareGrove and Divvyshot. Two-year-old Spool had raised $1 million from Charles River Ventures, SV Angel, Felicis Ventures, and Angel investors like Vivi Nevo, Steve Chen, Elad Gil, Deep Nishar, and Kevin Donahue.
The Spool team will bring its “mobile software development expertise” to Facebook. Facebook’s biggest challenge is adapting Facebook to mobile devices, said CEO Mark Zuckerberg in an interview with Bloomberg at the Allen & Co. conference in Sun Valley, Idaho last week. That’s why it…
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