Facebook acquires fitness tracking mobile app Moves

SAN FRANCISCO (Reuters) – Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology. Facebook did not disclose the price it paid for ProtoGeo Oy, the 2-year-old Helsinki company that makes the Moves app.

Link: Facebook acquires fitness tracking mobile app Moves
via http://www.reuters.com

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