Since its founding as neighborhood blog "Haighteration" in the early 2010s, the news website that grew into the network known as Hoodline has become an invaluable resource for San Franciscans eager to stay on top of the news on their block. And now that locally-owned site has been acquired by a company called Ripple, a VC-backed "city-focused news platform powered by local journalists and storytellers."
Ripple, which launched in May of this year, had been syndicating Hoodline's content since its inception, Recode reported at the time. Though its launch was marred by an apparent technical glitch that caused Ripple to fully republish content from a multitude of non-consenting news organizations including DNAinfo and websites owned by SFist's parent company, Gothamist, Ripple founder, Egyptian-born Armenian tech entrepreneur Razmig Hovaghimian apologized, saying in an open letter "I really messed up, and I am truly sorry."
Since then, it's been apparent smooth sailing — and now, TechCrunch reports, Ripple has moved from just syndicating Hoodline's content to owning the publication outright.
"Hoodline will also continue to operate as a separate website," TechCrunch reports, and "the 'bulk' of Hoodline’s editorial team will be making the transition to Ripple."
“Content will come in many ways, through APIs, partners, original editorial,” Hovaghimian told TechCrunch. (SFist's effort to reach Hoodline founder Andrew Dudley, who will remain with the company as an advisor, were unsuccessful at publication time.)
According to Recode, Ripple's investors include e-commerce giant Rakuten, Greylock Partners, Graph Ventures, Social Capital, Charles River Ventures, Google Chairman Eric Schmidt, MIT Media Lab Director Joi Ito, Vice Media CEO Shane Smith and the John S. and James L. Knight Foundation, to the tune of $4 million. The financial terms of the Hoodline acquisition were not disclosed.