1. NEW ACQUISITION

    Facebook Buys Face.com

    Marcio Jose Sanchez / AP Photo

    Facebook’s photo-tagging capabilities are about to get a lot more advanced. The world’s largest social-networking website has bought Face.com, the company announced Monday, a startup that specializes in facial-recognition technology. Facebook, which went public a month ago, has been making acquisitions left and right ever since it bought the photo-sharing application Instagram in April. The company did not disclose the terms of the latest deal, which will help users tag photos and find images online through facial-recognition software. Facebook already uses some of the Israeli startup's technology, but the new acquisition hints that Facebook is looking to further expand in the smartphone market.

    Read it at Associated France-Presse