Tweetdeck gets shut down by the UK government

Tweetdeck is probably the most popular Twitter client out there. The software itself was bought by Twitter back in 2011 and ever since then Tweetdeck has operated as a limited liability company in the UK and a subsidiary of Twitter UK Ltd. That is up until this morning when the powers that be had Tweetdeck dissolved. 

We previously reported that the company had some problems in filing their financial accounts with the UK government and that they had been warned. Well the company hasn't remedied the situation and as such it was struck off the register by Companies House this morning.

However this didn't come as a surprise to anyone. In fact this was Twitter's way of closing down one of its subsidiaries. A Twitter spokesperson said: "TweetDeck the product continues to thrive as part of Twitter, but the old TweetDeck company has been dormant for some time, with no outstanding liabilities; hence our agreement with the move to dissolve it".

Source: Sky News | Image via Tweetdeck

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Exactly. Shady business dealings indeed... now I can't wait for the Twitter IPO and its inevitable daily deals-style banking (what was that company name again?)

Quote from the source article:

Dissolution of dormant companies is normally initiated by the directors rather than it being imposed by the regulator.

Companies don't usually shut down subsidiaries in such a manner. That leads me to believe that there was either a) a tax / liability benefit to doing it this way, or b) it wasn't deliberate. It seems like a very shady way to be operating a business, though given the tax avoidance employed by Twitter in the UK I'm not at all surprised.

Majesticmerc said,
How are they avoiding tax? I'd not seen anything about this.

There's an article here:

It generated millions in revenue, yet posted profits of just £16,500 thanks to tax avoidance. It's based out of Ireland, which has notoriously shady tax practices. Companies like Twitter, Google and Facebook create elaborate (and contrived) licensing arrangement in order to funnel all their profits through countries like Ireland and Bermuda, which are tax havens with little accountability.

Profits made in the UK should be taxed in the UK and these companies simply aren't doing that. It's immoral.

As the article says - not too big of a deal. What closed down was everything that TweetDeck was before it was bought by Twitter. TweetDeck ('by Twitter' ) is still going. I don't think TweetDeck is going anywhere.