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Category: SocialMedia

Facebook Now Owns Chai Labs

Written on August 16, 2010 by Japhet Writ

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In yet another small acquisition, Facebook just snap up Chai Labs from its founder -- Gokul Rajaram. Something new is definitely coming to the social networking site, and the media will definitely benefit from it.

just bought , and though no price was confirmed, it’s likely to be around $10 million and more on acquiring talents. Based on Mountain View, California, is described as a technology platform that enables to customize and launch scalable and search friendly sites. Given the fact that Facebook has been trying to work with rather than compete with them, it makes sense for powerful social network to acquire something that has the ability to help publishers to create, store and deliver content.

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