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Facebook wants to buy a cybersecurity company

The move would help protect users and Facebook’s image.

Facebook wants to buy a cybersecurity company
[Photo: Joshua Sortino/Unsplash]
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That’s according to a report from The Information, citing sources familiar with the matter. The social media giant is reportedly on a shopping spree looking to acquire a major cybersecurity firm. Facebook has reportedly already talked to several major cybersecurity companies about a possible buyout, though The Information’s sources wouldn’t identify which companies Facebook has had talks with.

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Regardless, The Information’s sources say Facebook could ink a deal as soon as by the end of this year. If Facebook does buy a major cybersecurity firm, it could help the company on two fronts. First, it would give Facebook the much-needed resources to help the company prevent further hacks. Second, it’s a good PR move. Spending tens or hundreds of millions on a cybersecurity company could convince the public that Facebook is taking its cybersecurity problems seriously.

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About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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