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.
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.