Facebook Acquires Content Identification Team and Technology Company Source3 (Jul 24, 2017)
Facebook has made a small acquisition in the content identification space, buying Source3 and bringing on board its technology and people. The company majored on identifying copyright-infringing material, especially in user-generated content, something that Facebook has been working on for some time but clearly hasn’t cracked yet. As with YouTube in its early days, albeit at a very different scale, Facebook appears to have put growing its video business ahead of its ability to monitor that content for IP infringements, and is now scrambling to catch up. Copyright infringements are a big issue for Facebook, which has been accused of not doing enough to stop it in not just recorded video but live video, so it needs acquisitions like this one to speed up its progress in this area. This one seems likely to have been small – the company had only raised $4 million in venture funding, so it’s likely that it went for some low multiple of that, making it eminently affordable in Facebook terms.
via Recode
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