In 2008, Twitter was a simple "bare bones" platform that allowed third-party developers to build on it. At the time, there was so much demand for mobile Twitter apps that Le Meur decided to build an entire company — Seesmic — just for this purpose.
CEO of LeWeb.(Loic Le Meur)
When Twitter realized how much hype companies like Seesmic were getting, it changed its strategy:
"The end of the story is well known: some developers were acquired, others like us had to change strategy from one day to the next and many disappeared. We were finally acquired by Hootsuite."
"Here are my two cents for entrepreneurs betting on someone else's success: be careful that everything can change from one day to another and all the rules will change. I will never be that dependent on anyone anymore."
(Source: LinkedIn)
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