Facebook buys Twitter competitor Friendfeed
Facebook is acquiring Friendfeed, a Twitter competitor, and will thus become even more active in real-time communication. The purchase price is estimated to be just under 50 million dollars.
Facebook takes over the online communication service Friendfeed. The purchase will make the network even more active in real-time communication. By integrating the twelve Friendfeed employees, the communication platform is above all gaining technical know-how. Like its competitor Twitter, Friendfeed is a real-time content sharing service. However, with an estimated one million users, Friendfeed is nowhere near as popular as Twitter, which has around 45 million users. According to the Wall Street Journal, the purchase price is just under 50 million dollars, of which 15 million is in cash and the rest in Facebook shares.
