We are all familiar with the most populous social website Facebook , this was actually an idiom for an encyclopedia which was given to some students in an American university. The founder of Facebook is Mark Zuckerberg with some guys named Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.
Facebook is rated 5th best in its market capitalization, revenue and the rate of its growth. Zuckerberg wants to surprise the world by taking this bold step of dominating the internet world.In 2014, facebook has reached 104 billion dollars and its market dominance has reached 134 billion dollars, with this, facebook is about to make the world biggest purchase in its time.
According to the news given by TechCrunch and CNBC, facebook in agreement with the authorities is set to buy the drone manufacturer Titan Aerospace for $60 million to completely spread internet services all over the world.
They will produce solar-powered drones that will fly continuously for five years without having to land on the earth’s surface any time soon. This project will start from Africa for access to a decent internet connection.
It is said the company will build about eleven thousands of these Unmanned Aerial Vehicles (UAVs), specifically the “Solara 60″ model which will serve as an orbital satellite system that are much cheaper in data consumption and subscription fees and are more modified than the other ones.
What Do We Expect Out of This Acquisitions?
Mark Zuckerberg has promised to make internet services available to the rest the world, he claimed that only about 2.7 billion people worldwide has access to internet connectivity. The main aim of this project is to make internet connectivity available to the vast majority of the people worldwide.
If facebook can experiment with the Titan Aerospace, then they will be in full control in the world of social media and services which will in turn be a lifetime asset spinning money 24/7 for Mark. Facebook is actually looking forward to make internet connection available to everybody in every nuke and cranny at an affordable prize.I’m happy to see facebook growing at such a paceShare your views,