Boston, MA 04/21/2014 (wallstreetpr) – Facebook Inc (NASDAQ:FB) Facebook is one of the most hugely successful social networking sites that have created a revolution in the social networking domain where more and more people want to express their views on matters that are important to them. It also lets them stay connected with friends and relatives and discover all that is happening in their lives through their posts and photographs.
Strategic alliances
Facebook Inc has acquired a developer of online applications called Mobile Technologies. It has also successfully completed the acquisition of Onavo Inc. Other prized and strategic acquisitions of this year include Little Eye Software Labs Pvt Ltd. and Branch Media Inc.
Axa SA has entered into a strategic alliance with Facebook to further expand its social, digital and mobile footprint across the globe and especially in France. Access to research and development and capacity building, especially on mobile; coupled with path breaking innovation is the underlying understanding which will be leveraged in this partnership.
Facebook Inc (NASDAQ:FB) has also completed all discussions and has reached an agreement to accomplish the acquisition of Oculus VR, Inc
Ericsson and Facebook are coming together to create a joint innovation lab in support of the Internet.org initiative. This collaboration is looking to provide an environment for optimizing services, networks, applications and devices which would be of great value to over five billion Internet users.
Facebookhas added a new mobile feature called Nearby Friends that will let users know when their friends are nearby through smartphone notifications. This tool can also be customized by users as per their requirement. This tool is the company’s latest move into location sharing capabilities. Facebook has added the ability for its over 1.2 billion users to check into places just like they would on Foursquare Labs Inc.’s mobile tool. In fact, it is Foursquare that popularized location sharing. Facebook Inc (NASDAQ:FB) also has acquired a location tracking startup called Glancee and a location-based social network called Gowalla. These moves are sure to enhance the penetration of the company among the internet users across the globe.
Facebook Inc (NASDAQ:FB) faces competition from other social networking sites like LinkedIn and Twitter.
