Facebook has bought Friendfeed, in a deal that’s being touted as an effort to steal Twitter’s thunder as the king of status updates and live search. Facebook has reportedly paid a total of USD $50 million – $15 million in cash and $30 million or more in stock depending on Facebook’s value. It is not a purchase that is likely to break the bank for social networking giant Facebook, whose worth is estimated in the multiple billions. Yet some might wonder why Facebook is splashing out when it has already replicated many of Friendfeed’s features such as its “Like” button and the “News Feed” area. The answer can be found in the talented Friendfeed executives to which Facebook now has access: many of Friendfeed’s team are Google alumni, including co-founder Paul Bucheit, a main engineer behind Gmail and creator of Google”s motto “Don”t Be Evil”.

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