Facebook Acquires Mobile Gadget Focused Spool Team

Facebook added more mobile technology to its arsenal with the acquisition of Spool, a startup specializing in bookmarking and sharing content on smartphones or tablets.

Spool makes free Google Android and Apple iOS apps for smartphones and tablets that let users save Internet articles and video that is viewable online or off, kind of like a DVR for the Internet. Spool said that those apps will be shut down.

Financial terms of the acquisition were not disclosed.

Facebook said, "The Spool team has deep expertise in mobile software development and a passion for making content easy to consume. We’re excited for the team to join and accelerate their vision at Facebook."

Facebook, which has its headquarters in the California city of Menlo Park, has made a priority of improving its mobile offerings to keep in synch with users who are increasingly accessing the service from smartphones or tablets.

Lack of a clear strategy for making money from users who connect to the social network with mobile devices was considered to be among the reasons Facebook stock sank below its debut price of $38 per share in May of this year.

Facebook shares were trading at slightly less than $30 on the Nasdaq in New York.

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