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Twitter-Competitor Pownce Closing Down

Pownce Closes, Web 2.0 Bubble BurstingIn case you've been waiting for it, the second Internet bubble might be on the verge of bursting. Banks and mortgages aren't the only things collapsing in the now official recession -- Web 2.0 startups are starting to drop like flies.

The most recent collapse is Twitter-competitor Pownce. The feature-packed micro-blogging service, backed by Digg founder Kevin Rose, was bought up by SixApart, the company that makes the MovableType blogging platform and runs the VOX social network. While Pownce never drew the near the numbers that Twitter attracts, it was still successful in its own right, and this might signal trouble for many smaller services with lesser-known talent behind them. The service will officially close on December 15th.

Pownce was very much a victim of its own hype, the subject of glowing write-ups in the New York Times and other places early on. Unfortunately, it may have been a bit too 'exclusive' for its own good. Besides never getting mass numbers of folks to join, the service didn't really play well with others. Though it packed in more features than Twitter and was, at least at first, more reliable, Pownce lacked the ability to let other applications interact with it. Unlike Twitter, which allows developers to write code that can add items to a to-do list and track packages, among other things.

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