Facebook, FriendFeed Friend Each Other in Buy Out Deal

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Social networking giant Facebook and FriendFeed are joining forces, or more accurately, Facebook is buying FriendFeed. Facebook plans to add FriendFeed features to its service, and as part of the deal the FriendFeed team will continue to operate out of their Mountain View office in California.

"Facebook and FriendFeed share a common vision of giving people tools to share and connect with their friends," commented FriendFeed co-founder Bret Taylor. "We can't wait to join the team and bring many of the innovations we've developed at FriendFeed to Facebook's 250 million users around the world."

Mr. Taylor is also known for his work at Google where he launched the Google Maps project.

Facebook and FriendFeed users were already able to share information before the purchase agreement, and they share many similar features, too.

The two companies haven't revealed if FriendFeed will continue to operate as its own service, or if it will eventually merge into Facebook as a single online service.

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Comments

Facebook

Everyones using that friendfeed application. I knew a bit of it, but I dont actually use it everyday unlike my friends. Facebook has become the new MySpace.  Ironic, since a few years ago, MySpace was touted as becoming the new Facebook.  More people are joining the social networking site, and it’s also a great place to advertise for a business ? it’s free advertising space, and social networks have become a marketing hotbed over the last few years.  There are precious few opportunities for a business to have access to so many potential customers, which can be a great way to build customer rapport, as long as you aren’t spamming anyone ? customers hate that.  And since the website is free to sign up for, a business can start advertising on Facebook without needing payday loans to start an ad campaign.

Facebook

http://personalmoneystore.com/moneyblog/2009/08/08/facebook-sells-set- network/

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