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Over the weekend Facebook bought another mobile social app, this time a product called Glancee . One of the leading apps in a very new category known as " ambient location ," Glancee and its main competitor Highlight were the most talked about apps at this year's SXSW Interactive conference in March. Highlight won the popularity contest amongst mobile phone toting hipsters at SXSW and it now has the most users of the two.
Editor’s note : Guest author Keith Teare is General Partner at his incubator Archimedes Labs and CEO of just.me . He was a co-founder of TechCrunch. Follow him on Twitter @kteare .
By Sarah Lacy On April 18, 2012 It’s not really a surprise that companies get less innovative the bigger they get. Bureaucracy creeps in. Talent gets watered down.
Facebook revealed that it spent $68 million in cash and stock on acquisitions last year, according to its filing for an initial public offering. The company said all of the deals were not material. Here’s more details on how much Facebook has paid for companies in stock. This excludes cash-based compensation and other retention bonuses. We don’t know which companies Facebook is actually referring to in its filing because the company doesn’t explicitly say, but we put our best guesses here based on when deal announcements were made.
Facebook's FriendFeed purchase in 2009 gave the company Bret Taylor, now Facebook's chief technology officer. NEW YORK (CNNMoney) -- Facebook shocked most of Silicon Valley by shelling out a cool $1 billion to buy Instagram -- the priciest acquisition ever for a company that likes to grab startups when they're tiny and cheap. But Facebook's now-staggering valuation, which could top $75 billion when the company goes public , means some of its earliest acquisitions are now worth eye-popping sums. Here's an especially ironic one: Friendster. Facebook quietly purchased a patent bundle from Friendster's current owner, Malaysian Internet company MOL Global, in May 2010, and handed over 3.6 million shares as part of the price tag.