Facebook grabs social network Branch

Jan 13, 2014
The Facebook homepage on a computer in Washington on May 6, 2012

Facebook on Monday confirmed that it has grabbed a hold of Branch, a social network that focuses providing online forums for insightful conversations.

Terms of the deal were not released, but some reports estimated the price at $15 million.

"I am thrilled to announce that we will be continuing our mission at Facebook," Branch co-founder and chief executive Josh Miller wrote in a blog post that he said was fired off while vacationing at a mountain locale in Japan.

Miller wrote that the New York City-based startup's twin social networks, Branch and Potluck, will continue to operate independently but its nine-member team will form a Facebook Conversations group.

The group's goal will be to help Facebook users connect in meaningful exchanges based on interests, according to Miller.

The start-up launched about two years ago with backing from The Obvious Corp., a technology firm incubator formed by Twitter co-founders Biz Stone and Evan Williams.

Explore further: Snapchat to show content from big media brands

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Spotify to replace Sony streaming music service

50 minutes ago

Swedish music streamer Spotify will provide the soundtrack for Sony devices, the companies said Wednesday, spelling the end to the streaming music service from the Japanese tech giant that invented the Walkman.

War against IS group spreads to Twitter: expert

2 hours ago

The fight against Islamic State jihadists is taking place online as well on the battlefield, with 18,000 Twitter accounts linked to the group suspended in recent months, according to a US expert.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.