MINYANVILLE

MINYANVILLE Credit: MINYANVILLE

In the latest sign that Facebook takes its move to mobile seriously, the company has acquired a young start-up company based in Bangalore, India, and is moving its entire engineering team to Menlo Park, California, to help improve Facebook’s mobile apps.

The acquisition is one of two big developments at Facebook this week, and the second one will be much more visible to users, at least at first.

As of early April, those notorious “Sponsored Stories” that include apparent endorsements from users in paid ads displayed to their friends, are dead.

Full story at Minyanville.

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