Facebook acquires Lightbox photo app team

Facebook continues to be in acquisition mode, just a few days before its IPO is expected to launch. Today, it was revealed that Facebook has bought out the seven person team behind the company of Lightbox. The Lightbox blog confirmed the deal, saying that the small team now will "have the opportunity to build amazing products for Facebook’s 500+ million mobile users."

VentureBeat.com reports that Lightbox was formed in late 2010. It released a photo app for Android devices that created a personal photo blog based on a person's image uploads. The company had received a total of $1.2 million in funding from various venture capital sources; the financial terms of the Facebook deal were not revealed.

While Facebook has technically just acquired the Lightbox team and not the company itself, the blog does admit that the company is no longer accepting new signups and that the Lightbox.com website will shut down on June 15th. The post states, "In the coming weeks, we will be open sourcing portions of the code we’ve written for Lightbox and posting them to our Github repository."

Facebook has been on a buying spree lately. It acquired Instagram, another photo sharing app, for $1 billion in April. More recently, it acquired the team behind the social discovery app Glancee.

Image via Lightbox

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I'm thinking they want to own the rights to as many online photo places that can link faces to people's names as they can. Right now, I think the most valuable data Facebook owns are photos of people linked to their names. Not sure how they will capitalize on that fact, exactly...I suspect future deals with governments who want to track their citizens more carefully (/puts on tin-hat).

This. And photos don't lie. So if you can associate me and an old friend in a photo, you can tell more about my life. Did I have a falling out? Does that happen a lot? Lets target me with therapy ads, etc.

Why is Facebook buying up every company related to photos / image editing? Users are already spamming stupid images like there's no tomorrow and I don't see the logic in spending such ridiculous amounts of money on a fad. The only reason I can see is that they're gearing the company up to be a patent troll for when users finally get bored and move onto another site.

theyarecomingforyou said,
Why is Facebook buying up every company related to photos / image editing? Users are already spamming stupid images like there's no tomorrow and I don't see the logic in spending such ridiculous amounts of money on a fad. The only reason I can see is that they're gearing the company up to be a patent troll for when users finally get bored and move onto another site.

Because for IPO reasons they've got to make it seem like they've got something worth buying into...

n_K said,

Because for IPO reasons they've got to make it seem like they've got something worth buying into...
I'm not sure that a penchant for buying hugely overpriced companies is a quality that investors are looking for. It's highly unlikely that Facebook will ever make back the investment on the Instagram purchase. It seems likely pretty reckless decision making.