Facebook consolidates with acquisition of FriendFeed
Social media | (0)
One loss making company acquired another on Monday when Facebook shelled out $50m in cash and stock for the sharing service and social network, FriendFeed. Facebook is valued at $6.5bn.
Facebook announcement.
FriendFeed has made little impact on the mainstream but it does appeal to the geek audience, including myself. In my mind, FriendFeed works best as an aggregator as opposed to a destination for content - its closer to the failed Facebook acqusition target, Twitter. The FriendFeed interface is very simplistic unlike the increasingly congested and hectic Facebook.
The user bases are very different, which suggests primary motivation is to absorb talent ...