Known for their development of plugins for applications like Adobe After Effects and more, Fayteq is back in the news. Today the word on the e-streets is that Facebook Acquires Computer Startup Fayteq. Fayteq took to their website and stated that its products and services were no longer available for purchase.
While there is no word yet as to what this means for Facebook, the company’s technology could be applied to Facebook’s video features for more depth. Facebook has also recently acquired video piracy prevention Source3, AI startup Ozlo and more. Check out the details over at Deutsche Startups immediately and give us your thoughts in the comments below. Stay tuned for more on this coming soon.