Facebook Acquisition: File-sharing Service Drop.io

Good news for Facebook fans is that Facebook has recently acquired the simple file sharing service Drop.io. This certainly is a bad news for those who use Drop.io.

The company stated in an announcement in its blog, “We are proud to announce that we have signed a deal with Facebook. Facebook has bought most of our technology and assets and Sam Lessin is moving to Facebook.”

Sam Lessin was the founder of this Drop.io and a former consultant for Bain and Company. He knew Mark Zuckerberg during the early days of Facebook. After the acquisition of Drop.io, he will take up a new role at the world’s largest social network, Facebook.

The company said that the drop.io we are going to close our dealings and all the paid accounts will be discontinued on December 15. The entire data will be deleted by the end of this year.

An announcement from the drop.io company says to its users that in the coming weeks we will be winding up our services. People will not be able to create new drops, though they can download the existing stuff up till December 15. All the paid users are requested to download their information before the deadline because after that we will delete all the stuff. Remember, no data will be transferred to Facebook.

As far as company’s other services like Presslift, Yahoo Mail Application and APIs are concerned, they will remain active for some time and we will provide you further information about these services.

So, the drop.io has informed its users about the deal and the shutting down of its services well before time, so that its user act accordingly without losing much of their data or content.

This deal surely is a new milestone for Facebook and it is still looking for new opportunities to expand its services more than just a social network.

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