Retweeting, as we’ve mentioned previously (see HOW TO: Retweet on Twitter ), is becoming a very useful way to share content on the web. For one company, it’s become so important that they’re closing down their original news filtering service to focus on ranking stories by retweets. The founders of fav.or.it , a filtering service that aimed to make reading the news easier through smart prioritization of RSS feeds, today announced they are retiring their news ranking site. Instead, they will focus all their energies on Tweetmeme , the spin-off service they launched to rank news stories on Twitter . The fav.or.it website will become the company’s corporate site, and the original service has already been taken offline. The ability to change your original vision is a flexibility all entrepreneurs need. Twitter itself was famously a side project of podcasting startup Odeo – the founders sold that company when they saw Twitter taking off. No one can blame the fav.or.it folks for cutting their losses and focusing on the part of their business that’s making the most progress. Retweeting Resources from Mashable 1. HOW TO: Retweet on Twitter 2. The Science of ReTweets 3. Repeets Tracks Twitter’s Hottest Retweets 4. DailyRT Ranks Twitter Retweets 5. DMfail Fails, Reborn as Re-Twit’d 6. The Retweeting Movement Adds Some Powerful New Tools 7. Retweet iPhone App for Twitter 8. Facebook Needs Its Own Version of the Twitter Retweet Reviews: Tweetmeme , Twitter

Read more:
Tweetmeme Creators Bet Their Future on Twitter Retweets