TweakTown
Tech content trusted by users in North America and around the world
6,142 Reviews & Articles | 39,479 News Posts
Weekly Giveaway: Win an Antec Case, PSU and Cooler (Global Entry!)

Facebook acquires photo startup Lightbox

Facebook acquire Lightbox, a photo startup

| Business, Financial & Legal News | Posted: May 17, 2012 4:38 am

Social networking site, Facebook, in the midst of their IPO roadshow, have just acquired Lightbox. Lightbox is a predominantly Android-based photo sharing startup, which shares quite a lot with the recently-scooped-up Instagram.

 

TweakTown image news/2/4/24150_03_facebook_acquires_photo_startup_lightbox.jpg

 

Lightbox will be closed by Facebook, and the company will most likely use staff developers for Android-based development. No terms of the deal have been announced. Just after the announcement, Lightbox stopped accepting new users, with existing users having until June 15 to conclude business and download all remaining photos from the service.

 

Existing photos will not be transferred to Facebook, which is a bummer. Lightbox's founders are quite happy with the deal, where they've said they are:

 

Happy to announce that the Lightbox team is joining Facebook, where we'll have the opportunity to build amazing products for Facebook's 500+ million mobile users.

 

On a good note, no layoffs have been announced, nor are they expected.

NEWS SOURCES:Electronista.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases