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Facebook Acquires QuickFire to Speed Video Delivery

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Jan 9, 2015, 8:18 AM   by Eric M. Zeman

Facebook this week said it has acquired QuickFire, a San Diego-based video compression company. QuickFire's technology can convert video files quickly and allow them to be downloaded or played faster on mobile devices without losing quality. Facebook has placed a greater emphasis on video over the last year, and now auto-plays videos within users' news feeds. Terms of the acquisition were not revealed.

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