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The renowned social network company, Facebook has acquired an eCommerce search app, TheFind. As per the source, TheFind announced the deal on its website.
According to TheFind, many of its employees would be joining the social media giant Facebook, and will work on making the better significance of the social media network’s advertising. Also, the search engine of TheFind will go offline in the next few weeks, according to the company.
Although, Facebook did not disclose details of the acquisition with TheFind, Founded in 2006, TheFind raised about $26 million in their three investment rounds in the past, but had not received a flood of cash since 2007.
Facebook’s latest move could also be another big step toward establishing more eCommerce platforms on its site. In July 2014, the Facebook already began testing a “Buy” button on the ads and Page posts by users. Also, it previously explored payments, as well as its own online currency called Credits.