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New “Nearby Friends” App for Facebook

New “Nearby Friends” App for Facebook...

Facebook is launching a new feature which will allow users to turn on real-time location sharing, allowing friends to see where you are and meet up. The new feature is known as “Nearby Friends,” and is an offshoot of Facebook’s 2012 acquisition of the Glancee location sharing app founded by Andrea Vaccari. It is set to be available on iOS and Android in the next few weeks. Users will be able to view a list of your friends that are nearby, and will also receive a notification when coming within a short distance of a friend. Users can also drop a...
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Facebook Acquires Texting Platform WhatsApp for $19 Billion

Facebook Acquires Texting Platform Whats...

Facebook announced last night it will be acquiring the mobile texting platform WhatsApp for $19 billion— broken down into a $4 billion up-front cash payment, $12 billion in stock, and an additional $3 billion of stock paid out to employees and founders vested over four years. Though WhatsApp has developed a dedicated following of roughly 450 million worldwide users, and has already monetized its platform by instituting a $1 annual subscription charge, the acquisition is newsworthy mostly because of the enormous price tag (Facebook’s largest acquisition by far)....