Hi WebNewser readers - we're now a part of mediabistro's SocialTimes.com, bringing you breaking news, guides & tips from the Web world.

Facebook Acquires Hot Potato

mb_startups.gif

Hot Potato.png

The social media network Facebook has acquired the company Hot Potato, an events-based service headquartered in Brooklyn, NY. According to TechCrunch, the startup was purchased for $10 million dollars in cash. Hot Potato announced the acquisition in a blog post earlier today:

It’s been an exciting year at Hot Potato. Since going live last November, we’ve been inspired and energized by your reaction to the service and people’s appetite for socializing around activities and live events.

Today, we’re thrilled to announce that some of the features and thinking behind Hot Potato are going to be exposed to a much larger audience: We’ve been acquired by Facebook.

We’ll soon be wrapping up operations at Hot Potato. We will no longer be accepting new user registrations, and we will be offering existing users a way to download their information from the site. To do this, go to: http://hotpotato.com/dashboard/history. In about a month, Hot Potato will close up shop and delete all user data. No user data or account information will be kept by Facebook. We will be sure to keep you posted on this process over the next few weeks.

Facebook.png

The acquisition follows Facebook’s debut of Places, a mobile application that allows users to check in and share their physical locations with friends.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!