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Facebook Purchases Another Tech Startup
By: Jessica Cherok
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For one startup in India, things just got a whole lot richer. Little Eye Labs, a tech company that creates tools for Android developers to use in making mobile apps, was bought this week by Facebook.

The purchase is part of Facebook’s continued push toward a bigger presence in mobile apps. According to Facebook, purchasing “Little Eye Labs technology will help us to continue improving our Android codebase to make more efficient, higher-performing apps.”

Little Eye Labs will be joining a growing list of other startups acquired by Facebook. Most notably was Facebook’s 2012 purchase of Instagram for $1 billion. Other companies include: Nextstop, Snaptu, friend.ly, lightbox.com, face.com, and Spool.

With the exception of the Instagram purchase, most of the acquisitions have been to help Facebook beef up their talented staff, known as “talent acquisitions.”

Another recent acquisition attempt by Facebook was for a $3 billion offer for Snapchat. The photo-sharing service, which has recently undergone criticism for security failings, refused the offer, saying the idea of selling wasn’t “very interesting.”

Snapchat’s disinterest is certainly discouraging since its own time-sensitive photo sharing service, Poke, was a terrible failure.

   

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About the Author
Jessica Cherok is an advocate for online privacy, campaigning for ethical data practices and the protection of personal privacy.
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