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: Local media have positive slant toward local businesses, Rice University expert finds

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Barclays to allow payments by using Twitter handles

19 hours ago

The next chapter in banks moving into the digital age is a stretch beyond reminding customers over phone lines that they can also bank online. Barclays has launched Twitter payments through Pingit.

QR codes engineered into cybersecurity protection

23 hours ago

QR, or Quick Response, codes – those commonly black and white boxes that people scan with a smartphone to learn more about something – have been used to convey information about everything from cereals ...

Australian laws on storing phone, Internet records to change

Feb 27, 2015

(AP)—A parliamentary committee on Friday recommended a major rewrite of draft laws that would force Australian telcos and Internet providers to store customers' personal data for the convenience of law enforcement agencies. ...

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.