Writely is aquired by Google

It seems the Web2.0 revolution is to build a company with no revenue and position it to be a buyout. Having said that I've enjoyed using Writely for the past month as it is a very good and intuitive online word processor. It's just that this great app, along with so many recently released great applications, don't seem to have a revenue upside.
More at the Writely Blog

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