Monday, November 1, 2010

Facebook acquires Drop.io's file-sharing service

                       Mashable) -- Simple file-sharing service Drop.io has been acquired by Facebook.  "Today, we're proud to announce that we've struck a deal with Facebook," the company said in an announcement on its blog. "What this means is that Facebook has bought most of drop.io's technology and assets, and Sam Lessin is moving to Facebook."  Drop.io was led by Sam Lessin, a former consultant for Bain & Company. He attended Harvard University (2001-2005) and even knew Mark Zuckerberg during the early days of Facebook. Now he will take up a new role at the world's largest social network.  As a result of the acquisition, drop.io will be shutting down. Paid accounts will be discontinued on December 15. This is yet another talent acquisition for Facebook. The data on drop.io will be deleted by the end of the year.

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