Monday, 16 March 2015

Facebook Zuckerberg Buys Shopping Search Engine TheFind

Facebook has acquired TheFind, an ecommerce search app. TheFind announced the deal yesterday on its website.
"We are now starting our next chapter by combining forces with Facebook to do even more for consumers. Facebook's resources and platform give us the opportunity to scale our expertise in product sourcing to the over 1 billion people that use the platform," the company wrote.
But Facebook management says they bought the shopping search engine to help boost its advertising business. Terms of the deal were not disclosed, but the acquisition is expected to close in the next few weeks.

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