It was recently announced that the popular web page saving and syncing app, Instapaper, has been acquired by Betaworks, the firm that purchased Digg in 2012. The creator of Instapaper, Marco Arment, posted the news on his personal blog stating that the product has “grown far beyond what one person can do.” Betaworks is said to take over app development and operations according to the deal. Arment said the following regarding the matter:
To really shine, it needs a full-time staff of at least a few people. But I wouldn’t be very good at hiring and leading a staff, and after more than five years, I’d like an opportunity to try other apps and creative projects.
The deal had a lot more to do with Instapaper itself than the competition, honestly. I’ve been having a lot of trouble just keeping the product fresh, functional, and up-to-date for my existing customers.
The acquisition of Instapaper is said to allow Arment to focus on building other apps and “creative projects.”
Source: Marco Arment (blog), The Next Web