Facebook Inc New Products/Services

Facebook Inc.
History
Facebook Inc.
© MarketLine
Page 13
with friends in the pandemic.
New Products/Services
Year: 2020
In December, Facebook announced to launch a revamped version of the Instagram Lite app in India.
New Products/Services
Year: 2020
In June, Facebook launched a news tab in the US, that includes a dedicated local news section.
Corporate Changes/Expansions
Year: 2019
In January, the company announced the opening of date center in Singapore with StatePoint Liquid
Cooling system to reduce water usage.
Contracts/Agreements
Year: 2019
In January, the company collaborated with the Technical University of Munich to form an Institute of
Ethics in Artificial Intelligence, and to fund US$7.5 million for over five years to the institute.
Contracts/Agreements
Year: 2019
In January, Facebook collaborated with researchers from Stanford University to launch self-improving
chatbot.
Contracts/Agreements
Year: 2019
In January, the company and Yad Vashem entered into a partnership to help social media users mark
International Holocaust remembrance day.
Acquisitions/Mergers/Takeovers
Year: 2019
Facebook Inc.
History
Facebook Inc.
© MarketLine
Page 14
In February, Facebook acquired blockchain startup, Chainspace.
Acquisitions/Mergers/Takeovers
Year: 2019
In February, Facebook announced the acquisition of GrokStyle.
Contracts/Agreements
Year: 2019
In February, the company partnered with Odeon to book movie tickets online through the Facebook
application in the UK.
Plans/Strategy
Year: 2019
In February, the company announced its plans to acquire Unity Technologies.
Contracts/Agreements
Year: 2019
In February, Facebook partnered with Odeon Cinemas to introduce in-app ticket booking platform in the
UK.
New Products/Services
Year: 2019
In February, Facebook introduced new location privacy controls for Android.
Acquisitions/Mergers/Takeovers
Year: 2019
In March, the company acquired Sonics, a privately-held Silicon Valley IP provider.
Contracts/Agreements
Year: 2019

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