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.