Google Acquires AppJet, Shuts Down EtherPad
AppJet, the engine behind EtherPad, has been acquired by Google.
This means EtherPad will be shut down come March. This approach to this reminds me of something the Drama 2.0 Show said a year ago, before it became a porn site:
[A]nytime a failed startup is “acquired” and the service is shut down, you don’t have an acquisition. You have a Silicon Valley signing bonus.
I don’t mean to suggest EtherPad failed (from the reactions this story gets, it would seem this is not the case), but I agree with Drama’s main point: when the acquired company is shut down as part of the agreement, it is not so much acquired, as the founders are hired with sign-on fees.
