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Facebook Acquires Spool Employees to Expand Mobile Business

by Todd Haselton | July 16, 2012


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Spool announced over the weekend that Facebook has acquired all of its employees. Spool offered iOS and Android applications that allowed users to quickly save articles, photos and videos for viewing at a later time — similar to the way Instapaper or Pocket works. The Wall Street Journal said that Facebook did not acquire Spool’s assets or the company itself, although the actual application is no longer available from the iTunes App Store or from Google Play. Facebook said it’s “excited for the team to join and accelerate their vision” within the social network, so we wouldn’t be surprised to see Facebook add a news aggregation feature to its application lineup in the near future.

“We are extremely excited to accelerate our vision and help Facebook’s users connect and share with the people in their lives,” Spool said in a blog post over the weekend. “We started Spool to make content easy to consume on a mobile device. To accomplish this, we built some very sophisticated technology and developed a deep expertise in mobile software development. We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices.”

The company said it raised $1 million in financing this past January, but it’s unclear how much Facebook paid for the staff.

Spool published instructions for importing your Spool bookmarks to another service, such as Pocket, on its website.

[via Spool, The Wall Street Journal]


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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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