Facebook may be preparing its next major purchase. According to TechCrunch and CNBC, Facebook will buy drone manufacturer Titan Aerospace for $ 60 million and plans to use its vehicles to help spread internet access worldwide. A drone manufacturer would obviously be a strange acquisition for Facebook, which has largely focused on buying consumer technology companies and apps — most notably, WhatsApp and Instagram. But both outlets report that the purchase will serve Internet.org, an initiative launched by Facebook CEO Mark Zuckerberg last year that holds the goal of bringing the entire world online.
Facebook reportedly buying drone maker to bring internet to developing countries
Posted 4 years ago · Tagged: Bring, Buying, Countries, Developing, drone, Facebook, Internet, Maker, reportedly · 0 Comments