Facebook acquires Parakay

Posted on Friday, Jul 20 2007 @ 18:57 CEST by Thomas De Maesschalck
Social networking site Facebook announced that they've acquired an Internet start-up called Parakey, a firm by two Firefox co-creators.
arakey, founded by Blake Ross and Joe Hewitt, is described in a statement as a company seeking to bridge the gap between the immediacy of information stored on local desktop computers and the collaborative power of data stored on Web sites.

A notice on Parakey's site says the company hopes to makes consumers lives easier: "Computers are frustrating. Creating documents, finding files, sharing information--why do everyday things still seem so tedious and counterintuitive?"

Facebook was started in 2004 by then-undergraduate Mark Zuckerberg as a social site for fellow Harvard University students and was subsequently opened up to users of all ages. The site's appeal stems from the controls it gives users over who sees what personal details on each member's profile pages.

Hints of Parakey's product plans are available on the company's Web site and in occasional interviews the two have conducted over the past year. Details of their strategy point to potential new product directions that Facebook, one of Silicon Valley's most watched companies, could be taking.
Source: CNET

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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