Facebook just can't keep its hands on its money these days. First the company tossed $1 billion at the folks behind Instagram in order to acquire the service. Then the company agreed to exchange nineteen times that amount for WhatsApp. After that, it dropped another two billion for the Oculus Rift virtual reality headset. Now it has gone after ProtoGeo, the makers of the Moves activity-tracking app.
ProtoGeo announced the acquisition today in a blog post that's pretty sparse on the details. Neither company has disclosed the final price they agreed on. Thus far, Facebook hasn't integrated any of its acquisitions with its core offerings, and it looks like, at least for now, it intends to handle Moves the same way.Read More