The article says that Facebook is shutting down drop.io and hiring the founder. The terms aren't revealed but I find this very odd since drop.io has raised nearly $8 mil so far. Anyone have any additional info?
crunchbase says they raised almost 10MM. So what do you think facebook paid them? 15MM? 20MM? More?
I'd guess less. This sounds to me like a "company is dying, founder starts looking for a job, facebook throws a few dollars in the direction of the VCs to make sure they don't cause any fuss" scenario.