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Facebook buys start-up from Firefox founders PDF Print E-mail
Business and Law
By Mark Raby   
Friday, July 20, 2007 11:32
Palo Alto (CA) - Social networking site Facebook has acquired Parkey, an Internet start-up designed as a proprietary Web operating system.

Blake Ross and Joe Hewitt, the same duo that founded Firefox, created Parkey in the beginning of 2006.  Ross says it is an Internet-based platform "that can do everything an [operating system] can do."

Though Facebook is far behind the social networking leader Myspace, it has held its own, with 26.6 million unique visitors in the month of May.

Originally built as a network between college students, Facebook was opened up to everyone in September 2006.

Financial terms were not disclosed, and neither were the plans that Facebook has with the new acquisition.  Whatever it leads to, Facebook hopes it can help leapfrog the site into the top spot on the Web.

"Facebook knows this; what buying Parakey does is provide Facebook with a base from which it can not only become a Web OS provider, but leverage its user base to become THE Web OS provider," said industry analyst Duncan Riley in a Computerworld story.
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