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Facebook Said to Acquire Solar Drone Maker Titan Aerospace for $60M

Facebook is looking forward to acquiring Titan Aerospace, the manufacturer of drones. It wants to copy Google’s Project Loon and provide Internet access in remote areas of the world.

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Facebook Said to Acquire Titan Aerospace
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Facebook Said to Acquire Solar Drone Maker Titan Aerospace for $60M

Facebook Said to Acquire Titan Aerospace

Facebook has already taken up the initiative to deliver Net access to the poverty-stricken people of the world. And the good thing is that this provision will be free of cost. There are approximately five billion individuals on the planet who still lack a Net connection.

They are the ones who make up the next goal for Facebook’s Mark Zuckerberg. That is why Facebook has made plans to acquire Titan Aerospace. It is a company that has created solar-powered drones that can stay in space for a period of five years. 

It has been estimated that Facebook will pay close to $60,000 for the merger. Talks are underway and soon the good news may be delivered to the rest of the world. The spread of Internet facilities in faraway regions such as Africa will thus be a reality. 

The drone that Facebook has its eyes set on is called the Solara 60 model. Facebook has an objective before it. It wants to construct at least 11,000 such UAVs (Unmanned Aerial Vehicles) and let them loose over the inaccessible terrains of the global village. The airspace will be teeming with them. 

YouTube has several videos of the drone. It works like a climatic satellite. And it is less pricey and more efficient than other versions. Of course, behind this effort is the mimicry of Google’s Project Loon which uses balloons instead. 

Facebook wants to outdo its rival. The drones have many uses, including meteorological reporting, catastrophe relief and taking photographs of the big blue marble that is the earth. But Facebook wants the sophisticated technology in order to connect with people. The drones have internal battery packs that store the sun’s energy from solar panels on the aircraft. 

The drone company’s headquarters are located in New Mexico where its research and development laboratories are existent too. There are certain FAA regulations that will apply to the usage of the drones in the United States. In the rest of the world, the rules will be less stringent though.  

Source: TechCrunch


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Update: 11

How Technology Has Changed Crime Fiction Forever

Source: Politics - The Huffington Post

As a novelist who often writes about spies and assorted ne'er do wells, you might say that I sometimes get paid to find ways to make people disappear. Not murder victims. I let my less reputable characters handle that dirty job, and the less said about it the better. I'm referring to the arts of concealment, of evasion, of hiding in plain sight - tactics which I often have to employ to protect my heroes from the various forces that always seem to be purs ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post 3 days ago, 7:20am CDT


Update: 10

Around 150 rally in support of Ferguson Police Officer Darren Wilson

Source: St. Louis Business Journal

Late Sunday afternoon, a group of around 150 rallied in front of KSDK's offices in downtown St. Louis to show support for Darren Wilson, the Ferguson police officer accused by police of shooting and killing Michael Brown on Aug. 9. Some at the rally said it was being held there because they were protesting the station's airing of video showing Wilson's home, the St. Louis Post-Dispatch r ...
Source: St. Louis Business Journal   Full article at: St. Louis Business Journal 3 days ago, 7:11am CDT

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Update: 9

In Silicon Valley, deals must meet toothbrush test

Source: CNBC

Companies like Google, Facebook and Cisco Systems are employing unorthodox new criteria to size up their deal targets ...
Source: CNBC   Full article at: CNBC 3 days ago, 6:37am CDT

Update: 7

Why The #ALSIceBucketChallenge Is More Than Just An Online Trend!

Source: Houston's Hot Hits

When things pop up online, there will always be negative reactions and people who feel the need to criticize.  That is exactly what has happened with the Ice Bucket Challenge, with people saying it is just people dumping buckets of water over their head. First, I am going to start with the facts, then I am going to throw in my opinion. These come directly from the New York Times! Facts: People have shared more than 1.2 million videos on Facebook between June 1 and Aug. 13 and mentioned the pheno ...
Source: Houston's Hot Hits   Full article at: Houston's Hot Hits 3 days ago, 6:33am CDT

Update: 6

The Uncomfortable Ask: Board Members and Fundraising

Source: eJewish Philanthropy

Part III of III By Avrum Lapin Show Me the Money… We all remember that memorable line from the movie Jerry Maguire starring Tom Cruise. While the context was clearly different, the essence was the same. Credibility is established by putting “skin in the game.” In today’s philanthropic marketplace, the nonprofit Board is the place where the credibility is built. If the Board does not give, many will hesitate to participate, yet others simpl ...
Source: eJewish Philanthropy   Full article at: eJewish Philanthropy 3 days ago, 5:30am CDT

Update: 5

Trouble identifying satire? Get all your news from Facebook? You're in luck, dummy

Source: The Register Hardware

There's a special tag. (That means label) Facebook is experimenting with a "satire" tag on the free content ad network to highlight to help users with reading comprehension troubles distinguish news from parody pieces using ironic exa ...
Source: The Register Hardware   Full article at: The Register Hardware 3 days ago, 5:24am CDT

Update: 4

Morrisville gets a new Mediterranean restaurant

Source: Triangle Business Journal

Cafe Anar, a Mediterranean and central Asian restaurant, has opened at 108A Factory Shops Road in Morrisville. The cuisine ranges from Greek to Middle Eastern to Mediterranean, according to the restaurant's Facebook page. The site is the location of the former Moustache Cafe ...
Source: Triangle Business Journal   Full article at: Triangle Business Journal 3 days ago, 5:20am CDT

Update: 3

Places Around 4.0 – The Ultimate Tool for finding Places of Interest

Source: MacMegasite

Colombo, Sri Lanka – Neoappz, a mobile application development company, today is pleased to announce the release and immediate availability of Places Around 4.0 for iPhone and iPod touch. Places Around is a user-friendly application which allows anyone to easily find places in their surroundings. It works world wide and provides accurate and concise information. It is ideal for travel. Places Around features a Category Search which provides one tap ...
Source: MacMegasite   Full article at: MacMegasite 3 days ago, 4:40am CDT

Update: 2

Wanted: Ideas for the new Science Centre in the expanded Jurong Lake Gardens

Source: Asia One

SINGAPORE - Education Minister Heng Swee Keat, who will head a committee to "re-imagine and develop" the new Science Centre, is encouraging members of the public to come up with ideas. Get the full story from The Straits Times. Education minister Heng Swee Keat posted on Facebook today that the Science Centre is a good place where generations of Singaporeans have been able to "imagine, experience, discover ...
Source: Asia One   Full article at: Asia One 3 days ago, 4:18am CDT

Update: 1

Notch Over Oculus VR Buyout, Carmack Offers To Port Minecraft

Source: IGN

Renowned programmer John Carmack has offered to port Minecraft to the Oculus Rift virtual reality headset following Mojang's Markus “Notch” Persson’s revelation that he was over Facebook's buyout of Oculus VR. “Say the word, ship the source, and I'll make sure it runs well on you-know-what… ,” Carmack wrote in response to Persson’s tweet that he’s “officially over being upset about Facebook buying Oculus.” @notch @brendaniribe say the w ...
Source: IGN   Full article at: IGN 3 days ago, 2:34am CDT

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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