On August 4, 2010, Google acquired Slide for about $189 million, now after a year of acquisition, Google has decided to shut down the social apps startup, All Things Digital reported.
The news was announced to employees at an all-staff meeting in San Francisco this afternoon, sources said. A source said that some of the Slide team is expected to land at YouTube, which is also operated independently within Google. Slide has about 100 employees, with not too much attrition in the last year, said that source.
Slide founder Max Levchin, who also started PayPal, will be leaving Google. Google confirmed the departure with following statement:
"Max has decided to leave Slide and Google to pursue other opportunities, and we wish him the best," said a Google spokesperson. "Most of the team from Slide will remain at Google to work on other opportunities."
Levchin has also been an active angel investor, is chairman of the board of Yelp, and -- congrats to him and his wife -- is expecting his second child next month.
Slide Product Head Jared Fliesler is also departing Google - he is joining another former Slide colleague, Keith Rabois, at Square - the epayments startup from Twitter creater Jack Dorsey, sources said.
(Rabois had joined Google only very briefly after Slide was bought, before jumping ship to work with Twitter co-founder and creator Jack Dorsey at Square.)
After being acquired, Slide had operated as an independent unit out of Google's San Francisco office, maintaining existing apps like SuperPoke Pets and experimenting with new ones such as messaging app Disco and photo-sharing app Photovine, which was released only last week.
The apps, none of which were extremely popular, will be sunsetted over the next few months.
TechCrunch reported all but one of Slide's products (Prizes.org) will be shuttered:
"This means both the Slide products before Google's acquisition of the company a year ago, and the newer ones that the Slide team has been building within Google for the past year. Yes, it includes the newer products like Disco, Pool Party, Video Inbox, and the just-launched-last-week Photovine. They're all dead."