Facebook buys a $10 million search company

Posted by : Dexter Panganiban on August 18, 2010 | ; Filed Under Daily Stuff

I just read from my e-mail subscription that facebook bought a search company worth $10 Million named Chai Labs.

Chai Labs is a relatively new start-up that specializes in a technology it calls “Semantic Search,” which “uses proprietary crawling, artificial intelligence and data mining technologies to analyze and extract insights from millions of real-time data points across the web,” according to the company’s website.

Is this something that Google will be afraid of, however in the other side of the story there are also humors that Google is making their own social media sites. For sure there is something that Facebook is making that we need to watch out.

At the end it is all good for us internet marketers, new place s to market and make money online , so would you think it will be a battle of facebook and google since yahoo vs Google is now being forgotten.

Source : tgdaily

Vincent Tan Will Buy Friendster
It has been announced that Friendster an old social media networks will be acquired by Mr. Vincent Tan, I must admit that I have decreased my visit to Friendster the moment that I am hooked with Facebook. I like facebook chat, Games and Picture sharing although there lots of friendster alternatives ...
Facebook is now at $50 Billion Value
NEW YORK - According to different international business news site, Facebook has increased it's value to $50 Billion, thru the infusion of $500 million from elite investment house Goldman Sachs and a Russian investor. The additional investment place Facebook with twice as Yahoo's value and about equ...
Vice Ganda’s Facebook fans reach 1 million
Vice Ganda's Facebook will now be part of Philippine History for social Media network since He is the first filipino celebrity to reach 1 Million followers from facebook, one of the known social media site in Philippines. as of this posting he have 1,020,860 fans on his fan page (http://www.facebo...

Tags: Facebook, Google

About the author

Dexter is a person who loves technology,new gadget, SEO, Social Media and Christianity. Follow him at twitter via @techathand and add him @ Google+ and contact us at admin@techathand.net

Interesting Comments

Note : All Comment will be subjected to Tech At Hand Dot Net Comment Policy

8 Responses to “Facebook buys a $10 million search company”

techathand on August 18th, 2010 7:54 am

[New Post] Facebook buys a million search company – via #twitoaster http://techathand.net/facebook-buys-a-10…

Reply
ariston | viral marketing on August 18th, 2010 4:00 pm

@sir Dex,
maybe it’s a JV ‘coz one of the investors(general partner) of ChaiLab is from Google Ventures. =)

and good thing for IMs… another place to make money online..

Reply
Dexter Panganiban Reply:
August 19th, 2010 at 3:41 pm

@ariston | viral marketing,

Hmm.. according to the links and different news in the net, it was purchased by facebook… you can check the news I put a my source..

Reply
Vlad on August 19th, 2010 7:48 am

Pretty interesting post, Facebook and Google have been fighting for the top position for quite some time now, maybe this investment might help Facebook become popular on the search engine market as well.

Best Regards,
Vlad

Reply
Gluey Reply:
October 14th, 2010 at 1:04 pm
@Vlad,

I think it’s better this way where it only proves that google is not the sole mighty king of all search engines.

Reply
krizzie on August 26th, 2010 5:34 pm

this is certainly a good news for all the bloggers.. the more competition, the more opportunities for publishers..

Reply
Art Gabriel III on September 6th, 2010 9:16 am

Hi there,

The “World” really gave Facebook.com a landslide patronization… Well, they can buy everything now!

Lalo n ng mga pinoy hehe,

Art

Also, to all bloggers out there who wish to earn extra income thru NON-PAYPER-CLICK ad system, signup na kyo sa http://text-link-cash.com/

Reply
Usi on October 9th, 2010 10:14 pm

I know people spend more time on facebook because fb is a social network, BUT I think google will remain always be the king, because they own internet most used sites like google,utube etc..

Reply