Facebook Agrees to Acquire FriendFeed

The world of social media is a buzz today as social networking giant Facebook announces the acquisition of FriendFeed.  As part of the agreement, all FriendFeed employees will join Facebook and FriendFeed’s four founders will hold senior roles on Facebook’s engineering and product teams.

“Since I first tried FriendFeed, I’ve admired their team for creating such a simple and elegant service for people to share information,” said Mark Zuckerberg, Facebook founder and CEO. “As this shows, our culture continues to make Facebook a place where the best engineers come to build things quickly that lots of people will use.”

FriendFeed is based in Mountain View, Calif. and has 12 employees. FriendFeed.com will continue to operate normally for the time being as the teams determine the longer term plans for the product.  Financial terms of the acquisition were not released.

This acquisition can only help catapult Facebook further into upper ranks of the web by further solidifying its position and further extending its technology.