Twitter announced in a statement that it is acquiring Squad that allows users to simultaneously share their screens on mobile or desktop and make video calls. With the acquisition, Squad’s co-founders, CEO Esther Crawford, CTO Ethan Suting, and the rest of the team will join Twitter’s design, engineering and product divisions “to broaden the spectrum of conversations people can have on the service.”
The Squad app will be shut down as of today. “Twitter is the place where the world meets up to talks to each other, and I love that we’ll get to bring new types of interaction and self-expression to hundreds of millions of customers.” Esther Crawford said in a statement.
The Squad team collected a total of $ 7.2 million in venture capital from First Round, Y Combinator, betaworks, Halogen Ventures, Dream Machine and many other investors. The usage of the app had increased by 1,100%, according to the CEO’s statement, with the outbreak of the coronavirus.
“When we launched in early 2019 we thought the vision of reimagining live conversational formats was important but after the pandemic hit in 2020 it took on an entirely different and more vital role. It wasn’t just something people wanted — now it was what they needed.”
Meanwhile, a hint was found in the codes of Twitter that the live broadcast app Periscope will be shut down. This hint was showing the page where Twitter would redirect users for more information after announcing the shutdown of Periscope.