Want to sell your startup to Facebook or Google? Don’t try doing it in late summer.
Both Web giants, which have been very active acquirers for the last few years, slowed down considerably in the third quarter of the year.
Facebook, which had spent $246 million buying companies in the first six months of 2013, spent $14 million in the next three months. Google had a similar pattern: In addition to Waze, the mapping startup it bought for $1 billion, Google bought 15 other companies for $344 million in the first half of 2013. But Google only shelled out $25 million, on five purchases, in Q3.
Two quick off-the-cuff theories to explain the slowdown, which aren’t mutually exclusive:
- Perhaps both Google and Facebook have concluded that the startup shelves have been pretty picked-over, and there’s not a lot else they need to buy.
- Bankers need breaks, too.
(Image courtesy of Shutterstock/PTstock)
On Thursday at Facebook HQ, Mark Zuckerberg just unveiled a new look for news feed that uses a “mobile-inspired” consistent design across devices, lets you drill into specific content type feeds, and offers larger images. Photo albums have gotten a facelift as well to be more immersive, and links shared will have longer blurb to preview what you’re about to click to. The changes will start to roll out today and you’ll see them over the next few weeks. The roll out will be slow and careful so Facebook can get feedback about what’s working and what’s not. Some other news feed design changes include that checkins to places now have a larger map to show people exactly where you are. Pinterest posts to Facebook are now more vivid, so what you see on Facebook “better reflects what you see on Pinterest”. Videos appear larger too. If multiple friends share the same post, you’ll see their faces to the left of the post.
Read the full story at TechCrunch.