Facebook to buy drone-maker

  • Facebook is still not done spending its money on acquisitions. Reports suggest that the company is now planning on buying drone-maker Titan Aerospace, which is worth $60M. 

    The acquisition may sound strange for the social network but it makes sense since the it's one of the main backers of the Internet.org initiative that aims to bring Internet to about 5 billion people around the world. 

    Facebook could technically use the flyers in order to beam down connections to several communities that don't have access to the Internet. 

    Tagged as: facebook internet org, facebook internet initiative, facebook, money news, business news