Facebook acquires Source3,a startup to fight Piracy! 

Facebook is an American for-profit corporation and an online social media and social networking service.The Facebook website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates.

In its battle against pirated content, Facebook has acquired a US-based startup Source3 to help it weed out pirated videos and other content that users share without permission.The startup builds technology to detect intellectual property that has been shared by Internet users without permission.

According to a report:

• According to a report in ReCode on Monday.
• Facebook was acquiring both the technology and some of the core team members of Source3.
• The report quoted a Facebook spokesperson as saying.
• That they are full of excitement to work with the  Source3 team.
• In addition,learn from the expertise.
• Furthermore, they’ve built in intellectual property, trademarks and copyright.
• Also, we  focus on ensuring we serve our partners well.
• According to the report, the employees who join Facebook from Source3.
• Would work out of the company’s New York office.
• The acquisition makes Source3 fully integrated with Facebook.
• In addition, does not make it a standalone startup.
• It has already taken down its website and Twitter account.
• There have been no details on deal terms.
• However,according to media reports, Source3 has raised just $4 million in venture capital funding.
• Facebook has been struggling to crack down on pirated content for a long time.
• The company had in past announced “Rights Manager” technology.
• To detect and remove video clips shared by people who do not have rights to the video.
• But the new acquisition infers that Facebook’s “Rights Manager” technology.
• It has not been much of a success.
• Earlier this year, the social media giant added another option for rights holders.
• “Leave the content up, and make money off the views that these pirates are generating for you.”