AllThingsD is reporting this evening that Google will shutdown Slide, a company they acquired for $200 million last year. All of Slide’s products will be shutdown — except Prizes.org (via TechCrunch). While the rest of the Slide team will continue to work at Google, Slide’s found Max Levchin is leaving. A Google spokesperson told AllThingsD:
“Max has decided to leave Slide and Google to pursue other opportunities, and we wish him the best. Most of the team from Slide will remain at Google to work on other opportunities.”
Before being shutdown by Google, the Slide team was hard at work on Photovine, a photo sharing app that was released by Google just one week ago. The app was focused on sharing photos specific to a certain category, or vine, with the community. Sadly, Photovine will receiving the axe over the next few months — along with Slide’s other products like Disco and Pool Party. So why would Google kill off a part of their company that released something just a week ago.. and paid $200 million for?
Updated: Slide’s official blog post has gone up. Continue after the break..