Facebook recently acquired TheFind, an ecommerce search app in a deal that was announced on Friday. The terms of the deal were not disclosed at the time, but the acquisition is expected to close in the next few weeks.
“We are now starting our next chapter by combining forces with Facebook to do even more for consumers. Facebook’s resources and platform give us the opportunity to scale our expertise in product sourcing to the over 1 billion people that use the platform,” the company wrote.
Facebook’s management said the shopping search engine was acquired to help boost their advertising business.
