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October 30, 2010

File-Sharing Service Drop.io Purchased By Facebook

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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: read more

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