Twilio copies Facebook tactic: funding other startups

A Facebook icon is shown on a Samsung Galaxy III mobile phone in this photo illustration in Encinitas, CaliforniaSAN FRANCISCO (Reuters) – Years before becoming a publicly traded internet juggernaut, Facebook tried an unorthodox tactic to expand its influence – giving start-ups money to build Facebook apps. Now, unlisted internet telephony firm Twilio and its financial backer are attempting to recreate Facebook's success. Twilio said on Friday it would start a fund in Europe to encourage software developers to build apps using its voice-over-IP technology. The company's cloud-based technology lets businesses digitize call centers and text capabilities. …


Full Story Via Tech News Headlines – Yahoo! News

Bookmark the permalink.

Comments are closed.