Facebook buys out location guide startup

In it’s hunt for new talent, Facebook has purchased location-based activity guide startup NextStop, the company announced Friday.
The two-year-old NextStop, which allowed users to share recommendations about local activities, will be shutting down on September 1, and will give current users export tools to preserve their data. The company’s database of nearly 100,000 recommendations and locations will be released publicly under a Creative Commons license which allows commercial use (CC-BY).
A Facebook spokesman called the buyout “a small talent acquisition,” according to Reuters, and NextStop said on its web site that its team members will be joining Facebook.
NextStop was founded by former Google product managers Carl Sjogreen, who started Google Calendar, and Adrian Graham, who managed Google’s Picasa image sharing service.
“This was a difficult decision for us,” NextStop said in an FAQ posted on its Web site. “We felt like NextStop had a great future… in the end, however, we decided that pursuing our mission to help people discover the world around them was something that could be done with greater impact and scale as a part of Facebook.”