Facebook Looking To Acquire Facial Recognition Tech Company Face.com
Black Enterprise Magazine September/October 2018 Issue

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What is Facebook not doing these days?

In case you need a brief reminder, the social networking powerhouse started the year off strong, purchasing popular photo-sharing application Instagram, launching its own iOS app called Facebook Camera last week and going public with one of the highest IPOs in U.S. history.

Facebook might be interested in acquiring facial recognition technology company Face.com, according to recent reports. The company would pay anywhere between $80 million to $100 million for the Israeli startup. The purchase is basically “a done deal,” according to TechCrunch.

The startup developed popular Facebook app Face Tagger and an iOS app called KLIK. In addition, the company offers a public API.

When asked about the startup’s connection to Facebook, CEO Gil Hirsch said the tech company had no news to share.

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Janel Martinez

With a focus on news and the under 35 crowd, Martinez develops engaging, daily reports for BlackEnterprise.com. She also pens the blog, After School Daze: Life After Undergrad, where she delves into the day-to-day issues and concerns of recent graduates trying to adapt to life off campus. Prior to Black Enterprise, the Bronx, N.Y. native contributed to Latina, Latina.com, Honeymag.com, Syracuse Record and The Post-Standard. When she's not writing articles, the self-proclaimed travelista is on the prowl for her next excursion.   Martinez holds a bachelor's degree in magazine journalism and sociology from Syracuse University.

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