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Weekly News Digest

August 13, 2009 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Facebook to Acquire FriendFeed

Facebook (www.facebook.com) announced that it has agreed to acquire FriendFeed (www.friendfeed.com), a social bookmarking and commentary tool. As part of the agreement, all FriendFeed employees will join Facebook, and FriendFeed's four founders will hold senior roles on Facebook's engineering and product teams. Financial terms of the acquisition were not released.

"Facebook and FriendFeed share a common vision of giving people tools to share and connect with their friends," says Bret Taylor, a FriendFeed co-founder and, previously, the group product manager who launched Google Maps. "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."

"As we spent time with Mark [Zuckerberg] and his leadership team, we were impressed by the open, creative culture they've built and their desire to have us contribute to it," said Paul Buchheit, another FriendFeed co-founder.

Taylor and Buchheit founded FriendFeed along with Jim Norris and Sanjeev Singh in October 2007 after all four played key roles at Google for products such as Gmail and Google Maps. At FriendFeed, they've brought together a world-class team of engineers and designers. FriendFeed is based in Mountain View, Calif., and has 12 employees. FriendFeed.com will continue to operate normally for the time being as the teams determine the longer-term plans for the product.

Founded in February 2004, Facebook's mission is "to give people the power to share and make the world more open and connected." Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is a privately held company and is headquartered in Palo Alto, Calif.

Source: Facebook



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