Facebook Acquires QuickFire Networks, Which Aims to Make Videos More Bandwidth-Efficient

Just one day after touting the substantial growth it has experienced on the video front, Facebook announced Thursday that it has acquired QuickFire Networks, which focuses on lowering the bandwidth requirements for videos without sacrificing quality

QuickFireNetworksLogo650Just one day after touting the substantial growth it has experienced on the video front, Facebook announced Thursday that it has acquired QuickFire Networks, which focuses on lowering the bandwidth requirements for videos without sacrificing quality.

The social network trumpeted its video success in a Facebook IQ post Wednesday, saying that it has averaged more than 1 billion daily video views since June, and that more than 50 percent of U.S. Facebook users who come back to the site on a daily basis watch at least one video per day, among other factoids.

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