Facebook Inc. (NASDAQ:FB): Closing price $37.02
On Tuesday, Facebook said that it has acquired the team and tech of Mobile Technologies, which is a speech recognition and machine translation startup that created the app Jibbigo. Facebook told Tech Crunch that, “We’ll continue to support the [Jibbigo] app for the time being.” Jibbigo debuted in 2009, and permits users to choose from more than 25 languages, record a voice snippet in that language or type in some text, and then obtain a translation displayed on the screen and then read aloud in a language of the user’s choice.
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