"Facebook acquired the company for ~$100m in April 2013, intending to build a business akin to Amazon Web Services, and we operated for two years as a semi-independent subsidiary.
Facebook ultimately chose to exit the hosting business but Parse continues to thrive as an open source project with official support at Amazon Web Services, Microsoft Azure, Google Cloud Platform, etc."
Was this widely reported? I never knew that the internal plan with FB's Parse acquisition was to build an AWS competitor. Kind of interesting!
I guess it was viewed as a hedge in case the FB on-platform advertising revenue didn't grow as fast as they were predicting.
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