After Instagram Facebook’s Latest Acquisition For $60M

After the recent and successful acquisition of Facebook for the most popular front-end camera app Instagram known to iOS and Android, now comes According to the reports, one of the most controversial rumors that have been lurking in the social networking world is now confirmed. was said to have been acquired for a price somewhere between $55USD and $60USD. The amount said was a combination of cold cash and Facebook’s stocks. It was never divulged by both parties on the real score of the deal but the only truth about this news is that the acquisition was official. It was even posted on’s blog site expressing their excitement and how happy are they with their recent success and exposure.

What is really and why did Facebook acquired their company?, according to their profile is a company which focuses on facial recognition technology. The company provides FREE facial recognition API for other developers interested creating an application with this feature. And two of the known successful applications were Phototagger (Facebook app) and the Celebrityfndr.  The Phototagger is a Facebook application that automatically tags your friends on each photo you upload. While Celebrityfindr is an online application or website that automatically finds all celebrities (even lookalikes) that have been uploaded via Twitter.

At the end of the day, if I am to analyze Facebook’s direction since the acquisition of Instagram, launching of Facebook Camera and now’s facial recognition app, it simply shows that Facebook is trying to focus on what’s trending now in the industry – mobile photo for mobile technology. We are all aware that smartphones and tablets whether it is Android, iOS, Kindle or anything alike, they are becoming more and more popular than PC and notebooks. And it seems that Mark Zuckerberg is trying to aim and focus on this direction. With Facebook Camera and Instagram, they can easily integrate these front-end applications with’s facial recognition API. Good job Mark!

Let us just see what happens next.

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Arsie also known as RC, professionally, is a Software Test Engineer (STE) from an outsourcing company based here in the Philippines. At the same time, he is also a freelancer tech blogger who writes any news, updates, current events, tricks, tips, and even reviews in the world of Information Technology. You can contact Arsie through our Eyes4Tech Contact page. Or you can also follow his updates on Facebook, Twitter or Google+.


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