Facebook buys mobile gadget-focused Spool

Jul 16, 2012
The start-up Spool presents at Day 1 of TechCrunch Disrupt SF held in 2011 in San Francisco, California. Facebook added more mobile technology to its arsenal with the acquisition of Spool, a startup specializing in bookmarking and sharing content on smartphones or tablets.

Facebook added more mobile technology to its arsenal with the acquisition of Spool, a startup specializing in bookmarking and sharing content on smartphones or tablets.

"The Spool team has deep expertise in mobile software development and a passion for making content easy to consume," Facebook said Monday in response to an AFP inquiry.

"We're excited for the team to join and accelerate their vision at Facebook."

Financial terms of the acquisition were not disclosed.

Spool let people organize online content using bookmarks so they could access digital stories, videos or other material at their leisure or on different Internet-linked gadgets.

"We started Spool to make content easy to consume on a mobile device," the startup said in a blog post telling users the service was closed and the team joining the world's leading social network.

"We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices."

Facebook, which has its headquarters in the California city of Menlo Park, has made a priority of improving its mobile offerings to keep in synch with users who are increasingly accessing the service from smartphones or tablets.

Lack of a clear strategy for making money from users who connect to the social network with was considered to be among the reasons Facebook stock sank below its debut price of $38 per share in May of this year.

shares were trading at slightly less than $30 on the in New York Monday.

Explore further: Twitpic to stay alive with new owner

add to favorites email to friend print save as pdf

Related Stories

Facebook buys mobile discovery startup Glancee

May 08, 2012

Mere weeks from a multi-billion-dollar debut on the stock market, Facebook has ramped up its focus on mobile lifestyles with the purchase of "social discovery" startup Glancee.

Zynga shares tumble to fresh low on Facebook fears

Jun 12, 2012

Shares of the social media games maker Zynga plunged more than 10 percent Tuesday after an analyst note highlighted concerns about the impact on the firm of a shift to mobile Internet.

Facebook buys startup aimed at loyal shoppers

Apr 14, 2012

Facebook on Friday confirmed that it bought a San Francisco startup that helps merchants court shoppers with rewards for checking in with smartphones during visits.

Recommended for you

Facebook dressed down over 'real names' policy

Sep 17, 2014

Facebook says it temporarily restored hundreds of deleted profiles of self-described drag queens and others, but declined to change a policy requiring account holders to use their real names rather than drag names such as ...

Yelp to pay US fine for child privacy violation

Sep 17, 2014

Online ratings operator Yelp agreed to pay $450,000 to settle US charges that it illegally collected data on children, in violation of privacy laws, officials said Wednesday.

User comments : 0