Bloomberg News

Facebook Buying Communications and Social Network Firm Threadsy

By Brian Womack
August 24, 2012

Facebook Inc. (FB) is buying Threadsy Inc., an online communications software provider that also operates Swaylo.com, a website that tracks a person’s influence within a social network.

Facebook, which announced in April it would buy photo- sharing provider Instragram, has been buying smaller companies that provide social network and information-sharing tools.

The deal, terms of which were not disclosed, was announced by Threadsy’s Chief Executive Officer Rob Goldman via a blog on Swaylo’s website. Ashley Zandy, a spokeswoman for Facebook, confirmed the deal.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Reed Stevenson at rstevenson15@bloomberg.net

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