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Vahe Habeshian
Vahe Habeshian   BIO
07.20.07

Facebook’s First Acquisition: a ‘Web Operating System’ Parakey


MarketingVOX: Straight from TechCrunch, Facebook has made its first acquisition with Parakey, the “web operating system” created by Mozilla co-founders Blake Ross and Joe Hewitt.
Its CEO having recently cooled speculation of an IPO or potential sale, this move suggests Facebook has indeed set sights on becoming more than just a pretty web property.
Parakey is a big step for web-based apps. Yet to launch, it can manipulate just about everything on a computer’s hard drive and automatically synchronize any work done offline.
There are rumors that Google was a bidder, but it could not compete with Facebook’s pre-IPO stock.
No price was disclosed.
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