Facebook, one of the most famous social network operators in the world, is definitely not a company that has little money. No sir, it has some rather deep pockets, especially when you take into consideration its market capitalization of more than $210 billion as of today. Since it is flush with cash, it will definitely be able to purchase companies that have the kind of technology which it is looking for to further bolster its services – which is deemed to be a whole lot easier as opposed to coming up with your very own research and development team to work on newer technologies. Their latest acquisition? Quickfire Networks, a startup which has done work to assist the viewing high-quality video using low bandwidth.
So far, neither Facebook nor QuickFire have disclosed the terms of the deal, so it pretty much remains up in the air at the moment. It is also interesting to note that this acquisition by Facebook was announced one day after it was mentioned that Facebook averaged over a billion video views each day since June 2014, and if the world were to move on it its perfect axis, this is set to continue in the right direction down the road. It would be interesting to see what Facebook does with the QuickFire Networks acquisition.