Feeds

Facebook looks to gobble 7 more companies this year

Who wants to be Zuckerberg's new bitch?

The essential guide to IT transformation

Facebook wants 2011 to be the company's biggest year to date for acquisitions.

The world's most popular social network has already hoovered up 13 outfits this year, but it plans to gun for seven more firms before the year is out.

Facebook's corporate development director Vaughan Smith, who clearly wants to stay in his job by notching up buyouts, told Bloomberg that he was looking at a variety of design and mobile options for the Mark Zuckerberg-run, privately held firm.

The company is also looking to improve the reliability of its systems for its 750-million-strong stalkerbase.

"Two years ago we didn't have a track record in acquisitions," said Smith.

"While we expected them to work well, it was still a crapshoot how they'd turn out. We've built a culture that supports entrepreneurs, and it's working incredibly well."

Facebook is still taking baby steps compared with web kingpin Google, which recently launched yet another social network product, in a move arguably to offset Zuckerberg's dominance in that market.

In recent months, Facebook has bought a number of small-fry startups such as Netherlands-based outfit Sofa, which had previously developed Apple Mac software and design projects.

It also recently acquired ebook firm Push Pop Press and Snaptu, which develops smartphone-like mobile applications for users of low-end handsets.

Smith made no mention of whether Facebook, which was recently valued at around $70bn, would consider a hardware acquisition.

But perhaps such a bold move will only come after the social network floats in 2012. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.