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Twitter Buys Gnip and Hires Former Google Director while Bank of America Reports $276M Q1 Loss

Twitter, Inc. (NYSE: TWTR) has agreed to acquire data partner Gnip, in a deal that did not disclose any financial terms. Gnip has access to Twitter’s full stream of tweets since 2006. The company analyzes this information and sells it, primarily to businesses that are interested in how consumers view them. Twitter now averages roughly 500 million tweets a day. The company also announced that it has hired Daniel Graf, who was most recently a director at Google and oversaw Google Maps since 2012. Twitter, Inc. is a global platform for public self-expression and conversation in real time.

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