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It looks as if Facebook (FB), now free of the SEC's 500-shareholder rule, isn't wasting time...

It looks as if Facebook (FB), now free of the SEC's 500-shareholder rule, isn't wasting time ramping its M&A activity. In addition to the Opera rumors, reports have emerged Facebook is looking to buy facial-recognition technology developer Face.com, along with its valuable domain name. Face.com has developed a popular Facebook app called Photo Tagger, and has also released an iOS app. One report (translation) claims the deal's price tag is between $80M-$100M.
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Comments (3)
  • SanDiegoNonSurfer
    , contributor
    Comments (2823) | Send Message
     
    I figured face.com would be one of the first purchases. It's more than a little creepy to think of FB+face.com running around with all that money in their pockets.
    29 May 2012, 11:18 AM Reply Like
  • toma1581
    , contributor
    Comments (2) | Send Message
     
    Ok, I'll admit upfront, I am one of the stupid idiotic ^$@$#%!% that got caught in the hype of FB and got stroked by the greed of corporate USA. That being said, I have learned a very valuable lesson with FB and at this point I'm going long with it in hopes it will rebound. It's seems to me that they are buying these company's(Opera, Face.com,and hiring a former IPhone designer, etc.) as setup for this phone they want to come out with. This move is not making me feel warm and fuzzy inside. This reminds me of the ESPN phone (which I purchase and loved, so cool) that was a disaster for them, they lost a ton of money and drop it in about 3 years. If FB is determined to stay this path there is no middle ground here, either it's going to be a huge success or a miserable disaster. I think they should begin to charge a small fee for access to facebook, a simple fee of 5 dollars a year would create tremendous revenue considering the population of Facebook. I don't think most parents would even have a problem with this fee for their kids to have a facebook page as I know many parents who pay 30.00 a year for XBox online access, just something to ponder.
    29 May 2012, 03:21 PM Reply Like
  • Mbrillo1
    , contributor
    Comments (414) | Send Message
     
    Keep the faith Toma. FB is going to work out beautifully.
    From my previous comment: Hear this: Apple was trading at $12.00 (1997) and peopled hated it. Hated it!
    Amazon traded at $10 (2001) The street was soo bearish, oh my! In 2007, Amazon was trading at 55x's earnings.
    FB has the same if not better potential (2012).
    You watch!
    29 May 2012, 04:14 PM Reply Like
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