Stock News: Facebook (NASDAQ FB) Buys Another Interesting Startup

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After the hugely successful acquisitions of WhatApp and Instagram, Facebook (NASDAQ FB) has brought another start-up. The name of the acquired start-up is Wit.ai. This startup deals with voice recognition. It makes technology which helps in the conversion of voice into actionable data. Facebook would be looking to make the most of this acquisition.

Here in this article, we will take a close look at this move from Facebook. We will also consider the possible repercussions which this move may have on the FB stock and on the various Facebook services. There have been speculations that this acquisition would be helpful to Facebook’s targeted advertising feature. We will take a closer look on such speculations.

Facebook did not reveal the exact transaction details. They however mentioned that a number of Wit.ai employees would be hired by Facebook and that the start-up would now work in tandem with the biggest social networking site in the world.

Facebook Inc: Voice Recognition Usage

The potential usage of Wit.ai’s technology is massive. This technology can be used to help users post text while they speak to their devices. This would be a major leap for Facebook and their users. Messenger App can also get a lot of help from the start-up’s technology. Facebook would certainly believe that this is an exciting acquisition which has a lot of potential.

With a total of 1.3 Billion users, Facebook provides a great platform for Wit.ai. Also, the already available resources in Facebook can only help the employees of the start-up. Wit.ai should be able to help Facebook with their innovative technologies.

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Facebook Inc (NASDAQ FB) Business News

Facebook (NASDAQ FB) has been performing well in the past few months. Acquisitions like these do not really add to the Facebook portfolio. However, the said acquisition should help Facebook with its major products like Messenger. How it all pans out, remains to be seen.

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