posted in Social Media
TweetDeck could be on the brink of closure
TweetDeck could be forced to close after repeatedly failing to file its financial accounts, londonlovesbusiness.com reports.
The tool, which is used to collate tweets into different verticals, was bought by Twitter in 2011 for £25 million. Since then, however, it has twice failed to declare its accounts, once in September then again in December. The last time accounts were submitted was back when the original founder, Ian Dodsworth, was still in charge.
The fee for each failed declaration was £375, although abstaining a third time could have much more far-reaching consequences, including a £1,500 charge, court action or even a winding-up order.
Twitter has already had to deal with a spate of bad financial news in the UK, having declared recently that despite having user numbers in the millions, it only managed to generate £16,500 profit during six months in 2011 on a total income of £484,723.
If the program were to close down it would affect a great many Twitter users, with the device – used to separate social media content into manageable strands – being the most popular Twitter application ever created.
Speaking to wired.co.uk of the case, a spokesperson for Companies House explained: “This is a non-compliance issue and a compulsory strike-off action has commenced.
“TweetDeck is still yet to file. That means they have 99 days to file up-to-date accounts or face being dissolved and struck off the register.”