The mega-billion entity known as Facebook has scooped up most of Drop.io’s technology and assets, the file sharing firm announced in a blog post. Sam Lessin, the head of Drop.io and also a former Harvard student (just like Mark Zuckerberg), is making the move to Facebook as well.
“In the coming weeks, we’ll be winding down the Drop.io service,” the company said. “As of this week, people will no longer be able to create new free drops, but you’ll be able to download content from existing drops until December 15. Paid user accounts will still be available through December 15 and paid users will be able to continue using the service normally. After December 15, paid accounts will be discontinued as well.”
Drop.io is Facebook’s eight acquisition this year and follows the social networking service’s trend of snatching up companies primarily for the people involved.
“We have never once bought a company for the company. We buy companies for excellent people,” Mark Zuckerberg said at this year’s Startup School event at Stanford.
Related posts: