According to Seattle based tech blog GeekWire TeachStreet has been acquired by Amazon. It is a talent acquisition and the service will be shut down on February 15th. Team TeachStreet already joined the AmazonLocal team.
Teachers can export their data with a tool provided by TeachStreet and there is also a special FAQ for the transition.
The main reason for this acquisition seems to be the infamous Google Panda update back in February 2011 which has had a negative effect on the traffic of various companies that relied on SEO driven visitors. Apparently TechStreet never really recovered from this blow.
Dave and I talked about the issue on KWestions in March 2011 and back in January, hence right before the Panda update, I talked to Jason Calacanis whose company Mahalo has also been hit heavily by the algorithm change. Both interviews are embedded below.
I will share some personal thoughts on this on KirstenWinkler.com but I can already say that I am of course happy for Dave and the team but also pretty sad to see one of my favorite startups go. I also need to find out how the acquisition of TeachStreet might affect their Australian partner doMore.
 |
 |
  |
 |
 |
 |
|
|
|
|
|
|
