Facebook buys mobile gadget focused Spool

SAN FRANCISCO—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.

“The Spool team has deep expertise in mobile software development and a passion for making content easy to consume,” Facebook said Monday in response to an Agence France-Presse inquiry.

“We’re excited for the team to join and accelerate their vision at Facebook.”

Financial terms of the acquisition were not disclosed.

Spools let people organize online content using bookmarks so they could access digital stories, videos or other material at their leisure or on different Internet-linked gadgets.

“We started Spool to make content easy to consume on a mobile device,” the startup said in a blog post telling users the service was closed and the team joining the world’s leading social network.

“We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices.”

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 Monday.

Other Stories:

Risky behavior starts young on web—survey

Office bullying video sparks outcry in Singapore

Mobiles offer financial lifeline to Asian migrants—study

Metro’s traffic situation may now be monitored via smart phones, tablets

Recent Stories:

Cold front to bring cloudy skies, more rain in last days of summer _{11 mins elapsed}

Lenovo says quarterly profit up 90 percent _{16 mins elapsed}

Estrada picks brains of ex-Cabinet officials for new job as mayor of Manila _{17 mins elapsed}

Brown hounded for calling Manila ‘gates of hell’ _{17 mins elapsed}

Police report large shabu haul on Boracay _{27 mins elapsed}

Soldier killed, several others wounded in Ilocos Norte road mishap _{28 mins elapsed}

18,000 PCOS machines suffered transmission woes, says poll chief _{56 mins elapsed}

Pia Cayetano urges SC to lift suspension of RH Law _{1 hour elapsed}

Tags: Facebook , Spool , technology