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Now Facebook Really Owns You | The Big Money
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0s, 1s, and $s: The business of digital tech.
Now Facebook Really Owns You
You just don’t know it yet.
By Chadwick Matlin
Posted Tuesday, August 11, 2009 - 6:15pm
Facebook just purchased the rights to nearly everything you do on the Internet. And it cost them only $47.5 million.
Facebook's purchase of FriendFeed , an obscure social media platform, is potentially momentous. To understand why, we must understand FriendFeed , a startup that is ubiquitous among techies and unknown to everybody else. It's a sleek application that acts as a clearinghouse for all of your social media activities. Post something to Flickr? That will show up on your FriendFeed page. Digg something? FriendFeed will know. Post to Twitter from your phone? FriendFeed will syndicate your tweets. Once you initially tell it where to look, it will collect everything and tell it to the ...
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