According to reports, the Federal Trade Commission is actively investigating Twitter and the way it deals with the companies building applications and services for its platform, Business Insider. Twitter had begun offering "official" versions of apps by way of acquisition back in 2010 with some notable apps including Tweetie and TweetDeck.
Meanwhile, serial entrepreneur Bill Gross -- best known for inventing search advertising -- launched a company called TweetUp. The initial plan was some kind of Twitter ad network. Later, Gross started buying Twitter apps.
Eventually, his company got funding from Accel with the idea that the money would be used to buy TweetDeck. It sort of looked like Gross might be planning to launch a Twitter competitor -- or at least string his Twitter clients into their own monetized network.
Twitter then began aggressive with Gross -- first by shutting down several his app UberTwitter for three days, and then by stepping in and acquiring TweetDeck for itself.
Twitter and the FTC declined to comment.
However, Twitter will soon create a site to "offer up as much information as possible to developers and partners." The news seems related.
A representative from Gross's company tells us: "We have been contacted by the FTC and are in the process of responding to their requests."
[Via: Business Insider]