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Twitter Buys Tweet Data Distributor Gnip to Grow Social Data Biz

Twitter IPO
Buying Gnip will help Twitter enhance its direct data sales business

Gnip has been a distribution partner of Twitter for the past four years, which allows the vendor to provide trading clients with a datafeed of Twitter data─sourced directly via Twitter's API─for sentiment analysis as an input to trading decisions.

In a blog post, Twitter officials say the company wants to work directly with customers to understand their needs, and by acquiring Gnip, will be able to make its data more accessible.

"We believe Gnip has only begun to scratch the surface. Together we

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