Those may have been the drones Facebook was looking for, but they now belong to Google. The Wall Street Journal reported that Google will acquire Titan Aerospace, a near-orbital, solar-powered drone manufacturer that the social network was reportedly in talks to acquire last month, with an eye toward using its Solara 60 unmanned aerial vehicles to help provide Internet access to unserved parts of the world, starting with Africa, as part of the Internet.org initiative.
As previously speculated, the Federal Trade Commission approved Facebook’s $19 billion acquisition of cross-platform messaging service WhatsApp, stressing that WhatsApp must honor its commitment to maintain its pre-Facebook privacy practices.
Consolidation struck the social shopping sector, as 8thBridge, a provider of social discovery, curation, analytics, and marketing solutions for retailers, announced that it was acquired by digital shopping software and services company Fluid.
The New York Post is reporting that the Federal Trade Commission will approve Facebook’s $19 billion acquisition of cross-platform messaging company WhatsApp, which was originally announced in February.
Projects on Kickstarter often promise certain perks to donors, and Eric Calisto, creator of party game Terribands, guaranteed to refund all pledges, under one condition: Facebook must acquire his game for $2 billion.
Facebook offered some statistics about its bug bounty program in a note on its Protect the Graph page, saying that it received 14,763 submissions in 2013, up 246 percent from the previous year, and 687 of those submissions qualified for awards.
Someone described as a person involved in Facebook’s $2 billion acquisition of immersive virtual reality technology company Oculus VR told Nick Wingfield and Vindu Goel of The New York Times that the social network plans to redesign Oculus’ hardware and rebrand it with a Facebook interface and logo, but Facebook is officially denying the report.
Facebook Co-Founder and CEO Mark Zuckerberg said during his keynote address at the 2014 GSMA Mobile World Congress in Barcelona, Spain, Feb. 24: “Look, when you’ve just bought a company for $16 billion (WhatsApp, not counting the restricted stock units that hiked the total to $19 billion), chances are you are probably done with your acquisitions for a while.” A while was barely more than one month, and Zuckerberg explained the motivation behind Facebook’s $2 billion deal to acquire immersive virtual reality technology company Oculus VR in a call with analysts Tuesday.
Virtual reality will soon be actual reality at Facebook, as the social network announced its acquisition of immersive virtual reality technology company Oculus VR — maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion.