On Tuesday, social media giant Twitter announced that it is buying Data as a Service (DaaS) provider Gnip for an undisclosed amount. Gnip, which is one of several companies that sell access to the firehose of the content posted on Twitter, was founded in 2008 and today offers data from a number of popular user-generated services in addition to Twitter.
The whole concept of a programmable Web may just be too important to rely solely on APIs. That's the thinking behind a Linked Data Working Group initiative led by the W3C that expects to create a standard for embedding URLs directly within application code to more naturally integrate applications. Backed by vendors such as IBM and EMC, the core idea is to create more reliable method for integrating applications that more easily scales by not creating unnecessary dependencies of APIs and middleware.