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Apple acquires $200 million social media analytics firm Topsy

13.12.02-TopsyApple has acquired Topsy, a social media analytics company that focuses on a range of data from Twitter, according to a recent Wall Street Journal report.

Apple paid more than US$200 million for Topsy, the report said. The company provides a range of tools to make sense of data across the social Web and use it to gauge consumer sentiment. For example, marketers can use Topsy’s tools to measure the success of ad campaigns, identify thoughts and opinions over time, and search and analyse hashtags across years of online chatter.

Topsy is one of only several companies with access to Twitter’s so-called “firehose” – the full stream of tweets posted to the service. Other competing companies with access include DataSift and Gnip, which analyse and resell the data to customers, the Journal noted.

Topsy has a huge amount of Twitter data at its fingertips. Earlier this year the company announced that it had indexed Twitter’s complete archive of public tweets dating back to 2006. That data could let Apple make better use of online social activity in its product development, as companies such as Facebook do now.

Neither Apple nor Topsy could be immediately reached for comment.

 

 

Originally published on IDG News Service (San Francisco Bureau). Reprinted with permission from IDG.net. Story copyright 2017 International Data Group. All rights reserved.
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