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Since its first acquisition in 2007, Facebook has been buying startups left and right.
It’s not because Facebook wants the technology. Most of the startups it buys are instantly shut down.
It’s after the engineering talent, and Facebook will happily pay $500,000 to $1 million per engineer.
“We have never once bought a company for the company. We buy companies for excellent people,” Zuckerbeg said at Stanford’s 20010 Startup School event.
In the past four years, Facebook has acquired 13 companies, and it’s safe to assume they paid millions of dollars for each one.
*Note: Pursuit and RecRec weren’t actual business acquistions, so they were not included in this list, even though most of their teams were bought/hired by Facebook.
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/8S27A2WowKM/15-startups-that-got-gobbled-up-by-facebook-2011-5