Tech

REPORT: Apple Will Acquire Path, The Struggling Social Network

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The appearance of Path founder Dave Morin in the front row of Tuesday's iPhone 6 launch event has added credibility to a Pando report that says Apple is about to acquire the struggling social network. Morin tweeted a selfie of him and Dr Dre, who has occupied the front row slot at previous events. Dre's Beats Entertainment was Apple's last acquisition.

Pando writes:

According to a single well-placed source inside Apple’s engineering team, the company is poised to announce an acquisition of Dave Morin’s Path social network. To quote our source, who requested to remain anonymous because the deal has not been announced yet, “It’s almost done, if not signed already, but it’s essentially a done deal.”

Until recently, Path was all but written off by most people. The social network — which limits users to an exclusive ring of just 150 friends — laid off 20% of its staff a year ago and has gathered only 25 million users.

More recently, Morin told BuzzFeed that Path "maybe" failed:

“Did the experiment fail? Maybe,” he told BuzzFeed News. “Are we trying to take new approaches to the interface and approach it different ways than we did before? Absolutely. ... I think failure is a big part of life and being human the best thing we can do is keep moving forward.”

Pando reports that Path's social network function might by incorporated into a revamped Messages app.

Path and Apple have a history. It was a screwup by Path, in which the app by default uploaded iPhone users' entire contacts lists, that required Apple CEO Tim Cook to answer letters from Congress about Apple's efforts to protect user privacy.

And, of course, Morin is a former Apple employee. He had a marketing and product role at the company from 2004 through 2006.

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Jim is the former editor-in-chief of Insider's news division.Previously he was the founding editor of Business Insider UK.He has also been managing editor at Adweek, an advertising columnist at CBS Interactive, and a Knight-Bagehot Fellow at Columbia Business School. His work has appeared in Slate, Salon, The Independent, MTV, The Nation and AOL.His investigative journalism changed the law in the US First Circuit Court of Appeals (U.S. v. Kravetz), the Third Circuit Court of Appeals (North Jersey Media v. Ashcroft), New Jersey (In Re El-Atriss), and New York State (Mosallem v. Berenson).The US Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees, on the issue of whether lethal injection is cruel or unusual.He won the Neal award for business journalism in 2005 for a series investigating bribes and kickbacks in the advertising business.Here's a selection of his past stories:   • The alleged betrayal in these photos, texts, and emails cost Snapchat $158 million   • Inside the conspiracy that forced Dov Charney out of American Apparel   • The Evolution of Ev: The creator of Twitter, Blogger, and Medium has a plan to fix the mess he made of the internet   • THE "KNOCK-IN SHORT": Nigel Farage and the massive bet against the pound on the night of the Brexit vote   • eBay worked with the FBI to put its top affiliate marketer in prison   • How Dunkin Donuts ended up hiring a psychotic credit card thief as director of communications   • BEJEWELED: The definitive, illustrated history of the most underrated game ever   • The CEO of Publicis told us how he stared down a furious internal rebellion to bet the future of his $11 billion company on artificial intelligence   • FBX: The billion-dollar Facebook business that never happened   • The €150 million check-kiting scam that bankrupted Leo Burnett in Greece   • My Polaroids of the September 11 attacks led me into America's secret court system for terrorist suspects   • YouTube deleted 130 rap videos to help police fight street gangs responsible for thousands of stabbingsDisclosure: I own shares of Twitter (TWTR).