Facebook after the IPO has got quite an amount of money and now it may be looking for ways to expand faster. One of the quickest ways of expanding is to acquire new talented software engineers who are already having a good know-how of the subject. Acquiring proven talent isn’t an easy task and thus, big companies prefer purchasing small companies. This also gives them quicker exposure to market rather than planning for weeks.
After the purchase of Instagram for more than $1 billion, there are reports that Facebook is looking to purchase Opera. Opera has a very big presence in the world of mobile internet and has proven track-record of performance. There isn’t any know-how of the amount that may be in negotiation for Opera, however Face.com is known to be valued around $80 to $100 million. This isn’t a big price if you see in context with relation to Instagram.
Face.com is known for its research in the field of facial recognition. It helps users find other similar images that may be their own by uploading an image. You can know more about the company by going here. The company has an app which is already very popular on Facebook.
With so much buzz doing rounds in the world of the Internet, it becomes difficult to relate the actual ones. You can relate every purchase to some sense or need for the company. We will see how the shopping bag gets filled for Facebook in the future.
Also Read;
