Part of the way that Facebook continues to evolve its social network platform is by acquiring other companies and oftentimes integrating aspects of that company’s work into Facebook itself. In other cases, Facebook will make acquisitions that are mostly separate from the social network, such as when they purchased Oculus VR last year. Though purchasing Oculus might not do much to enhance Facebook itself, Facebook has made a couple of recent acquisitions that will.
One of these acquisitions was Wit.ai, which is a startup that was founded a year and a half ago, focusing on voice recognition software. Wi.tai’s platform will still remain open and free to all, but Facebook will likely integrate this type of technology into Facebook itself in some way. In addition to that, Facebook is continuing a trend of helping out developers with building their apps, so that those developers will in turn pay Facebook for ads or split revenue with Facebook for hosting its ads. This is one of the reasons that Facebook acquires certain subsidiaries without immediately incorporating new technologies into their own social network.
Another recent acquisition made by Facebook was that of QuickFire Networks, a company that is working hard on reducing video file sizes and upload times. These sorts of things would be extremely useful for Facebook, which features video ads as well as video sharing. The hopeful end result of this acquisition would be lower buffering times without having to sacrifice the quality of the video.