Facebook Acquires Facial Recognition Technology Company Face.com


Happy Monday! Well here you have it, Facebook will soon have the ability to recognize your face. Looks like they have just acquired the technology to do so with another acquisition.

From the article:

After rumors of a deal have swirled for weeks, Facebook has officially acquired facial recognition technology company Face.com.

It’s a complete acquisition, which means both talent and technology will now become Facebook’s in the deal. Though the exact terms of the deal were not disclosed, other outlets have reported the price in the neighborhood of $100 million. However, I’m hearing from two sources familiar with the terms of the deal that Face.com actually sold for a significantly lower amount, approximately $55 to $60 million in cash and stock (though it is unclear if this price is with or without an earnout included).

Read the rest of the story here:

via Facebook Acquires Facial Recognition Technology Company Face.com – Mike Isaac – Social – AllThingsD.

Enhanced by Zemanta

Content Curator Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

Fresh Curations

Podcast Episode 068: How Fascinating Is Your Content? Part 5: Power

Listen Now Can't access the player? Subscribe on iTunes or Stitcher, or subscribe to the RSS feed Welcome to Episode 68 of the Content Marketing Podcast! If you … [Read More...]

Office building

Why a Serviced Office Can Help Your SME in 2014

Running a small to medium sized business isn’t easy, especially if you have a limited budget and need to invest in office equipment, premises and staff. By using a serviced … [Read More...]

More curations from this category:

Car Rentals for $15 per day

Subscribe to our mailing list

* indicates required Email Address * Name *