Twitter acquires Squad, a screen sharing and video chat start-up

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On Friday, Twitter announced the acquisition of Team, an app that lets you share your screen and video chat with friends at the same time. According to TechCrunch, the entire team, including co-founders Esther Crawford and Ethan Sutin, will join the company as part of the deal. In one Medium post, Crawford said Twitter plans to leverage his team’s expertise in audio and video. The group “looks forward to creating new formats that allow for fun, meaningful and engaging conversations,” she said. Twitter did not disclose the terms of the acquisition and did not say whether the deal included Squad’s technology.

“Hopefully our exit will tip the scales a bit more to convince investors to put money into diverse teams, because every success is further proof that we, the historically under-capitalized and underrated founders, are a good bet, ”Crawford added. “Invest in women and people of color because we will make money for you.”

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