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After acquiring Gnip in May of 2014 Twitter has decided to bring all its data licensing activity in-house. How is this going to effect the plethora of start-ups that are building sentiment analysis tools for Wall Street? Interestingly Twitter recently invested in Dataminr cementing their access to the Twitter stream.
Firehose data was previously made available to third-party apps via three authorized resellers – Gnip (which it acquired a year ago), Datasift and NTT Data. In a post on the Gnip blog yesterday, Twitter announced that it would be transitioning all data customers to a direct relationship with the company from August this year. Twitter says companies that buy firehose access will see no difference in service, except for the fact they’ll be paying Twitter directly. However, that’s not strictly true, as a blog post from Datasift founder and CEO Nick Halstead notes today.
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