Pinterest has acquired the Y Combinator setup called Hackermeter. And as far as its plans go, it is will most probably shut the coding challenge site down for good.
Hackermeter began operations about two months ago. Today however it has become one of Pinterest’s latest acquisitions. And the interesting thing is that the site will be closing shop. The founders of the website, Lucas Baker and Frost Li will be hired by Pinterest. The social platform that deals in photographs has been gaining ground as far as influence on the Net is concerned.
Hackermeter meanwhile set a list of challenges for coders to be used in place of resumes. The hiring staff of course got a bird’s eye view of the process and got to put in a few personal litmus tests too. Despite the deal being sealed, the amount in cash paid by Pinterest remains a mystery.
Hackermeter had been trying to collect some hefty funds but was facing hurdles. With over 5000 developers who were taking 20,000 code tests, the site had more than a dozen firms utilizing its services. These included in their ranks: Square, Asana and Mixpanel. And over 60 odd companies were still in the waiting list.
But now that is all over and Pinterest will have the last say in all matters related to Hackermeter. The days when the site used to wheel and deal in the world of codes are over. It is to see a peaceful end and new stuff will start in its place on Pinterest.