It appears Facebook, in its attempt to preserve its standing as the preeminent social media behemoth, has acquired yet another tech company. Face.com, a company devoted to face recognition software, has been purchased by Facebook for an undisclosed sum.
Facebook may see its value touch the $100 billion mark if its impending IPO is offered at the top of its new pricing range.
Internet Cases: “Plaintiff eventually got kicked off of Facebook because she allegedly harassed other users, doing things like sending friend requests to people she did not know. When Facebook refused to reactivate plaintiff’s account (even after she drove from her home in Maryland to Facebook’s California offices twice), she sued. Facebook moved to dismiss the lawsuit. The court granted the motion.”
Wall St. Journal: “They’re the everyday fixtures of the Internet experience: pop-up stock quotes on a website, suggestions for related reading near a news article, videos along the side of your screen. Now, Microsoft Corp. co-founder Paul Allen says he owns the technology behind all these ideas, and he’s demanding that some of the world’s top Web companies pay up to use them.”
Findlaw: “In this column, I’ll focus not on the CDA holding dismissing Facebook as a defendant, but instead on the subsequent decision dismissing the defamation claim against the teenagers who posted to the Facebook group, and thus ending the case. I’ll argue that the judge did the right thing in dismissing the defamation claim, but I’ll also contend that future Facebook defamation cases are likely to be much more difficult to resolve than this one proved to be.”
See also part two of this column.