SAN FRANCISCO: After Merissa Meyer’s induction as CEO, Yahoo! has significantly made a few advancements in the market. In yet another move, Yahoo acquires Snip.it. Yahoo Inc on Tuesday bought the social news start-up.
Snip.it allows users to clip, organize and share articles.Snip.It was was founded in 2011 by Ramy Adeeb,an Egyptian native, investor and silicon valley enthu. Snip.it would shut its current services as it’l work on bringing social news to Yahoo.
Present world is witnessing a lot of buy-outs taking place, majorly big tech fishes taking control over new, young and innovative start-ups. Big giants look at this in terms of bringing quality initiatives into the organisation and adding starts to their cluster services.
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