Facebook Acquires QuickFire Networks, Which Aims to Make Videos More Bandwidth-Efficient

by David Cohen
Just one day after touting the substantial growth it has experienced on the video front, Facebook announced Thursday that it has acquired QuickFire Networks, which focuses on lowering the bandwidth requirements for videos without sacrificing quality. The social network trumpeted its video success in a Facebook IQ post Wednesday, saying that it has averaged more than 1 billio ...Read the full article