Africa

Titan Aerospace: Targeted By Facebook, Acquired By Google

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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.

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Drone Home? Facebook Reportedly Pursuing Acquisition Of Titan Aerospace

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No, Facebook drones will not be swooping down from the sky to deliver up-close-and-personal pokes, but according to a report by TechCrunch, the social network is in talks to acquire near-orbital, solar-powered drone manufacturer Titan Aerospace for $60 million, with the aim of using the drones to help bring Internet access to parts of the world currently lacking, starting with Africa, as part of its Internet.org initiative.

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Mark Zuckerberg Spotlights Several Internet.org Initiatives During Keynote At 2014 GSMA Mobile World Congress

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Facebook Co-Founder and CEO Mark Zuckerberg discussed several developments from the Internet.org global connectivity initiative at the 2014 GSMA Mobile World Congress in Barcelona, Spain, Monday, including the formation of SocialEDU, a program aimed at bringing “a collaborative online education experience” to students in Rwanda.

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3Q EARNINGS CALL: How Is Facebook Responding To The Mobile Transition From An Advertising Standpoint?

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Facebook said in its third-quarter earnings report Wednesday that its total advertising revenue for the period was $1.8 billion, up 66 percent when compared with the year-earlier quarter, and mobile accounted for 49 percent of that revenue. During the company’s earnings call Wednesday, Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman offered more specific details.

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