Facebook to Acquire Up to 15 Companies in 2011
Facebook looking to nearly double the number of acquisitions made this year.
Facebook continues to take the social networking world by storm with their fearless leader Mark Zuckerberg recently recognized as TIME’s 2010 Person of the Year. With no signs of slowing down, Facebook has proclaimed its intent to acquire as many as 15 startup companies in 2011.
PEHUB’s Alastair Goldfisher was on hand to report on statements made by corporate development manager of Facebook Michael Brown, in a seminar called “Startup Exit Seminar: Early Stage M&A.” Brown disclosed that the target acquisitions “will be a mix of talent acquisitions, where we’re looking for people to run important parts of our product [and] who have a really strong vision.”
A clip from the seminar can be viewed below.
These acquisitions are seen as essential to furthering Facebook’s growth by bringing in new ideas and technology that can enhance Facebook’s existing portfolio and/or adding new features. Of the eight acquisitions in 2010 totaling upwards of over $70 million, the largest purchase made by Facebook was that of $40 million to obtain ownership of social networking patents from Friendster. The rest were small startup companies with venture capitalist backing.
Facebook’s intent is a great testament of big payouts to come for startup companies that catch Facebook’s hungry eye in the upcoming year.
[Source: PEHUB]
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Someone answer me this. How big can a social networking site really get? I like Facebook but, I really wish they didn't change past just social site.
Idk not myself honestly in terms of socail sites and the sizes they can become to be. Given of it it seems more of an interest o have a Social system of use other then actually being a social site to say as defined within of being a social site, if that makes any sense. And given of it the purchase of companies on the services probably of social sites to include within more of a network of services in one service. So socially speaking can be more useful in extend social activities. Given of course its used more then that and with it more means to cover other socials means as well.
Like take the ads in comments for example, even though it is that tomsguide is say adviretising site, when it comes to getting information for anything in relation to whats on the site to some means of know how or not, where do you go and what do you look for?? Is the ad within comments even relevant to it? Why cant the ad in question just be more of a useful ad in something that is being looked into about it, instead of being here?
That might be the question of the intial first post, which of course does contain something or some part of bogus. But what can you say when you need stuff, and money goes around. But to the point saying of it at least should of been said of using just a search engine on such ideas. Who knows why things work they way they do. But of it at least is things of interest at least to some part. And with it a growing Facebook service.
Someone answer me this. How big can a social networking site really get? I like Facebook but, I really wish they didn't change past just social site.
A similar question I have (with the same answer) is this: Why does a business that already has a well designed and fully functional website need a facebook page? What information or functionality does a facebook page offer that the companies own website can't?
Answer: Familiarity and a consistent user experience. Basically I see facebook as trying to become the world-wide-web, within the world-wide-web. Remember AOL? Yeah, kind of like that only now it is "cool" instead of lame. In order to do this they will need more than social networking alone. Mark wants you to log into facebook and do everything from within his website or what I predict will become a network of websites. You heard it hear first, folks.
A similar question I have (with the same answer) is this: Why does a business that already has a well designed and fully functional website need a facebook page? What information or functionality does a facebook page offer that the companies own website can't?Answer: Familiarity and a consistent user experience. Basically I see facebook as trying to become the world-wide-web, within the world-wide-web. Remember AOL? Yeah, kind of like that only now it is "cool" instead of lame. In order to do this they will need more than social networking alone. Mark wants you to log into facebook and do everything from within his website or what I predict will become a network of websites. You heard it hear first, folks.
No doubt about it. Many sites were created with this very intent, AOL (as you mentioned), Lycos, MSN/Live, Yahoo!, etc... How many of those sites even still exist, much less are important players in the world today?
Facebook overtaking the internet has been creeping up for a while now, and its due to the mentality of their users. If you already have one tab open to Facebook, who has the time or energy to open a second tab to visit some different website? I don't use facebook, but I wouldn't be surprised if they integrated tabs into their own site, so you could open multiple facebook pages in one window or tab of your web browser (they may have done this already).
Heck, people are so lazy they install widgets into their WEB BROWSER, that display their facebook information. I mean COME ON, the web browser will already show you your facebook information, all you have to do is visit facebook.com, but no, even that is too much work for today's average internet user. Instead, TomsGuide will actually down-rate a web browser if it does NOT have the best widgets for updating your facebook status from the sidebar, instead of having to use the tab you already have open pointed to facebook that you're playing Farmville in.
Add into this the continued problem of online identity theft, fraud, and nigerian business scams, and I seriously think we should be licensing people to use the internet. It's a privilege, not a right, and people more and more are convincing me they are not deserving of that privilege.
This story makes me think about the one about the Google Grid:
Google Grid @ Makingithappen
Our only hope is that facebook becomes too big and bloated that it will collapse under its own weight.
first, stupid spam, fix filters or something.
second, a company will only get as big as it's users/consumers/buyers allow it too. why is the mainstream so ignorant on this subject! *sigh*