File-Sharing Service Drop.io Purchased By Facebook

Filed as News on October 30, 2010 2:01 am

Drop io LogoDrop.io, a simple file-sharing service announced on their blog today that they have been acquired by Facebook.

On the companies blog they stated:

“Today, we’re proud to announce that we’ve struck a deal with Facebook.” while adding “What this means is that Facebook has bought most of drop.io’s technology and assets, and Sam Lessin is moving to Facebook.”

As is often the case with these type of acquisitions, Drop.io was a talent buy and will shut down on December 15th and all paid accounts will be discontinued while all data on Drop.io will be deleted by the end of the year.

Here’s the full announcement of the acquisition as posted by Drop.io:

“Here at drop.io, we’ve had a great three years helping people privately share pictures, video, audio, documents, andmore. It’s been a thrill to watch the first, thousandth, millionth, and ten-millionth drop be created.

Today, we’re proud to announce that we’ve struck a deal with Facebook. What this means is that Facebook has bought most of drop.io’s technology and assets, and Sam Lessin is moving to Facebook.

In the coming weeks, we’ll be winding down the drop.io service. As of this week, people will no longer be able to create new free drops, but you’ll be able to download content from existing drops until Dec. 15. Paid user accounts will still be available through Dec. 15 and paid users will be able to continue using the service normally. After Dec. 15, paid accounts will be discontinued as well.

Please download your information before Dec. 15 – we plan to delete it after that time. No user data or content will be transferred to Facebook, and we’ll send out e-mails to everyone to remind them about the service closing.

Other drop.io services like Presslift, our Yahoo! Mail Application, and our APIs will stay online for a longer period before the company winds down. We’ll announce more details on that soon. However, starting immediately, we’ll no longer be selling new premium accounts for those services.

To our loyal users and fans, we cannotthank you enough for your patronage, support, and feedback (good and bad) over the years.

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