Latest Facebook news includes acquisition of Face.com

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This $55 to $60 million purchase will improve its facial recognition technology. Following several weeks of speculating, Facebook news finally shows that Face.com, an Israeli facial recognition technology, has been acquired. Though rumors initially suggested that it was purchased for $100 million, that number has since fallen. It is now more likely that the company was bought out for somewhere between $55 million and $60 million, and that this amount was a combination of cash and stock. The precise value of the purchase therefore depends on the stock of the…

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