Wired buys Reddit, Google buys Jotspot
Inflating Bubble 2.0
Cash Register Wired has bought Reddit, the news aggregation-by-committee website. Terms are undisclosed, but we can safely assume that the price is many heaps smaller than the $150m that Kevin Rose reportedly wants for Digg, Reddit's much bigger rival. Reddit claims a million unique users a month.
Reddit's four employees are upping sticks from Boston to hang out at Wired in San Francisco. Wired parent company CondeNet will use Reddit software in other websites - Lipstick.com is the first example.
Google buys Jotspot
"OK, I can finally blurt it out: JotSpot is now part of Google, and I couldn't be more excited." So says a breathless Joe Kraus, co-founder of JotSpot, a wiki-editing software firm, on Google's official blog.
Looks like Google is buying in some extra features for its personal productivity software. In the meantime, JotSpot is shunning new customers until it moves its software to Planet Google. ®