NEWS: FaceBook’s First Acquisition: Parakey

News/Social Networks/Facebook
Found on: techcrunch.com

Why would Facebook, currently the hottest property on the Web want to make Parakey, the "web operating system" created by Blake Ross their very first acquisition? Simple - Facebook is in the process of transitioning from being a Social Network into the first Social Operating System - right?

Techcrunch.com post:

Their first acquisition: Facebook has bought Parakey, the yet-to-launch “web operating system” created by Firefox co-founders Blake Ross and Joe Hewitt. The price isn’t being disclosed, but Facebook should be issuing a press release this afternoon.

Parakey was founded in 2005 and raised a seed round of financing from Sequoia Capital (although this was never confirmed). There is a good background story on Parakey, which will include both browser and client software, here.