Myriad reports have said that Facebook has a problem with teen users eschewing the site for social networks such as Tumblr. A few sources have reported Friday that Yahoo may be trying to purchase Tumblr, but Facebook could also be in these discussions, as well. According to AllThingsD, Yahoo is rumored to be willing to pay up to $1 billion to purchase Tumblr, but Forbes and GigaOM think that Facebook could swoop in and add the blogging site. However, it’s unlikely that Facebook will get the chance.
Facebook’s latest acqu-hire is one that may prove popular with application developers, as David Weekly and Nathan Schmidt, two of the three co-founders of startup Gaston Labs, parent of photo-newsletter creator Ohana, will start working at the social network Monday.
Facebook’s acquisition appetite was fed by gobbling up another management and development team, as Jeremy Barton and Rob Boyle, co-founders of universal reputation system Legit, have joined the social network.
Facebook’s $1 billion deal to acquire Instagram was actually a $715 million deal to acquire Instagram, as the social network’s slumping stock price lowered the value of the major component of the deal for the photo-sharing application, Facebook revealed in its 10-Q filing with the Securities and Exchange Commission.
Now that Facebook’s acquisition of photo-sharing application Instagram has officially been cleared, the social network took some time to welcome its newest company. Vice President of Engineering Mike Schropfer took some time to announce that the deal has gone through and that his company can now work together with Instagram.
Facebook has made quite the flurry of acquisitions lately. Last week, the social network acquired Threadsy. The word on Wednesday is that Facebook could consider purchasing Waze, developer of a well-liked, free, community-based traffic-nav app. Waze has nearly 6,200 users talking about it and the app has garnered 126,000 likes.
It seems like it’s been a while since Facebook acquired a company (the long finalization process of Instagram notwithstanding). That changed Friday when the social network added Threadsy, the parent company of Swaylo, a social influence measuring stick similar to Klout or Kred. A Facebook spokesperson confirmed the deal to AllFacebook, but had no further comment.
It’s official: Photo-sharing application Instagram is now a Facebook entity. The Federal Trade Commission announced Wednesday that it has ended its investigation into the deal and given its blessing to go forward. The acquisition was first valued at $1 billion, but due to Facebook’s tumbling stock value, it’s now worth somewhere around $735 million.