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The most recent speculation about the acquisition of Face.com for about $100 million, was leaked out by Israeli Business Publication known as Calcalist. However, there are some issues on the price that is going on between these two big companies. The amount is considered to be too big and it might take some time for price negotiation. Although, we do not have any other reliable source for backing up the story but this acquisition would make a load of sense. It seems that Facebook has been busy in looking to purchase various companies with apps and technology that they seem very interested in. No matter what is purchased by the giant Facebook, there is no doubt it will find a way to integrate all of these technologies on to your their social media platform for the convenience of their huge user base.
This hot news was rumored in the market even before the acquisition of Instagram. Last year, Israeli business newspaper TheMarker published the story that social networking giant Facebook is interested in the facial recognition firm.
However, Chief Executive of Face.com is being little wary on the acquisition speculation while saying “nothing new to share.”
Undoubtedly, facial recognition has been a valuable thing for photo seekers, but on the other hand it could surely pose a threat to privacy to all Facebook members in the future. It will be interesting to see how Facebook managed to integrate the technology and maintains an edge on the mobile app front.
Posted by chris_ellsbury in Social Media