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Everyone is obviously talking about the Facebook/FriendFeed deal, but everyone wants to know one key detail: How much did Facebook pay? Now we know: Facebook paid nearly $50 million when you add the $15 million it paid in cash with roughly $32.5 million (based on current valuations) in stock, according to the Wall Street Journal.
Facebook makes a play and acquires Friendfeed, a sharing and aggregation tool that helps people find out what their friends are doing. Read Friendfeed’s announcement, and Facebook’s blog post.
A few months ago the Facebook and Twitter deal fell apart, and Facebook knows it must open its community to the open web –not just behind a login in order to benefit from generating revenues through advertising and search advertising.
What does this mean for my FriendFeed account?
FriendFeed.com will continue to operate normally for the time being. We're still figuring out our longer-term plans for the product with the Facebook team. As usual, we will communicate openly about our plans as they develop — keep an eye on the FriendFeed News group for updates.
So what's happening to this Valley? Is it as dire a situation as it sometimes seems? Are we really going to end up with four mega-companies: FaceBook, Google, Microsoft and Apple? Because if Google or Microsoft can weasel their way into acquiring Twitter, that's sure how it will seem. If the IPO market continues to be closed, and innovative companies can only knock on doors 1 through 4, that's not a good thing.
Earlier today, rumors started to appear that FriendFeed had been acquired by Facebook. We now have confirmation that this is indeed true. Neither Facebook nor FriendFeed released any exact details about the acquisition, but we'll keep this story updated as we learn more details about this acquisition. According to a post by Bret Taylor on the FriendFeed blog, FriendFeed will continue to operate normally for the time being while the two companies figure out the long-term plans.
Facebook has acquired FriendFeed, we’ve learned. We’re gathering details now.
At this point details on the acquisition are still very sparse, but it’s clearly a good match. Over the last year or so, Facebook has “borrowed” quite a few of features that FriendFeed popularized, including the ‘Like’ feature and an emphasis on real-time news updates.
Facebook just got bought...
* the best social search platform on the web, hands down
* a site that has captured the heart and soul of many (not all) geeks, something they need to do to stay in the vanguard
* an incredibly smart, talented team that will bring rapid innovation to Facebook and make it even stronger
Details on the Facebook acquisition of Friendfeed story that we broke earlier today are still coming in. But we had a chance to talk with Friendfeed cofounder Bret Taylor (pictured right) and Facebook VP Products Chris Cox a few minutes ago to discuss the deal and the product integration plans going forward.
Are you on FriendFeed yet? You should be.
Very cool article by Paul Buchheit, the guy behind Gmail and now FriendFeed. He talks about the iterative process behind writing the code for Gmail. I thought it was a fascinating read, even for a non-coder.
Has Facebook really ever innovated anything successful, or do they just copy everyone else's functionality? I guess that's another reason why Microsoft was such a good partner for them.
I love how people all of a sudden "discover" some new blogger, artist, app, etc, when it actually took years before they achieved success.
It's funny but I used to love using tools like this that dublicated all of my content on all of my networks. Now with FriendFeed I wonder at the value. I end up feeling like I'm spamming FriendFeed.
I'm very anxious to try out this plugin for WordPress and FriendFeed.
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