Facebook To Buy Oculus VR For $2 Billion

Saturday, March 29th, 2014
Social networking giant Facebook has announced that it is buying the company Oculus VR, the makers of the virtual reality goggles Oculus Rift. The said deal will comprise of $400 million in cash and 23.1 million shares of Facebook. Based on the social network giant’s current share valuation, the deal will cost about $2 billion. The deal also indicates an additional $300 million in cash and stock for achievin

Facebook Acquires WhatsApp For $19 Billion

Saturday, February 22nd, 2014
Acquisitions in Silicon Valley seems to be very alive nowadays. One of the most surprising ones to be reported this week was from an unlikely company. Although social network giant Facebook has been acquiring other companies to boost up its features, its recent acquisition took everybody by surprise. Not in the sense that the acquired company is not something that Facebook can use. It is because of the huge price t

Next Possible Facebook Development Focus- Voice-Based Browsing

Tuesday, August 13th, 2013
Facebook is still the leading social network on the planet. It is not resting on its laurels and be overtaken by the competition. It is actively seeking different ways to develop and improve its main product to continue leading the pack. One possible focus of development may possibly be voice-based browsing. If Facebook’s current actions in the market are to be analyzed, it seems that the social network comp

Facebook Acquires Gowalla

Monday, December 5th, 2011
It has recently been reported by CNN that the popular social networking site Facebook has just recently acquired Gowalla. This company runs a location-based sharing service similar to the functions offered by more popular and direct competitor Foursquare. The deal has not yet been confirmed by Facebook and so, the money paid for the acquisition has remained undisclosed. Gowalla started as a location-based service

Facebook Acquires Push Pop Press

Thursday, August 4th, 2011
Online social network giant Facebook seems to be trying to further give its users a more enhanced experience. Facebook is now a place where people not only keeps in touch with their network of friends online, it has also become, among other things, a place where people play games, go online shopping and even voice out their opinions for the millions to hear. Who knows, it might also become a place where people may