Instapaper founder Marco Arment has just announced that he doesn't own his creation anymore. Betaworks, which also owns Digg, has acquired a majority stake in the read-it-later service. In a post on his personal blog, Arment explains that Instapaper had grown beyond its original beginnings in 2008 as a web-only service, and that maintaining it was no longer feasible for a one-person operation. "To really shine, it needs a full-time staff of at least a few people," he writes; hence the deal with Betaworks.
While it was an early pioneer in the world of iOS apps, in recent years Instapaper has faced increased competition from services like Pocket and Readability. However, Arment is quick to point out that the Betaworks deal places the...
via The Verge - All Posts http://www.theverge.com/2013/4/25/4266980/instapaper-acquired-by-betaworks-owner-of-digg
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