Facebook to buy Titan Aerospace fo4r $60 Million

Today it was announced today that it was planning to buy the solar powered drone making company, Titan Aerospace, for $60 million according to TechCrunch. The buy does not come as too unexpected considering Facebook has been experimenting with new ways to help expand the internet to developing countries. Their idea is to create floating wireless routers essentially which is similar to Google’s idea, Project Loon, which is a pilot program testing Internet access via solar-powered helium balloons. The $60 million dollar price tag of the Aerospace company is only a fraction of the $16 billion dollars Facebook spent on the popular messaging service, WhatsApp.


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