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Popular social-networking site makes its first buy: Parakey, a Web start-up created by Firefox's co-founders.
Blake Ross, the famed co-creator of the Mozilla Firefox browser, is saying goodbye to the social network after six years.
Parakey co-founder, newly acquired by Facebook, comments on a post requesting that the service revoke a controversial new move that makes members give details about how they know their new Facebook friends.
A talent acquisition rather than a product acquisition, Facebook has acquired the Y Combinator-funded start-up and will be shutting its service down.
The travel recommendation service will disappear as of September 1, and its creators plan to release its database under a Creative Commons license.
Should Facebook or Microsoft acquire the page impressions and users of Twitter and FriendFeed, Google would be justified in wondering if it missed the boat
Company says "no acquisition of any company in China is being considered by Facebook," countering a report in The Times about a potential Zhanzuo buy.
Perhaps Facebook's construction of a "Questions" product is in response to losing its bid for Aardvark to Google? That would explain why Google paid so much for it.
Apparently, the social network really was trying to buy the microblogging service. But Twitter's investors and executives would rather come up with a business model first, AllThingsD reports.
The massive social network confirmed on Monday that it has acquired the aggregation start-up after TechCrunch reported the rumor. Be it known: This acquisition is about talent, not product.