BizSugar.com › Startups › Facebook Confirms Acqui-Hire of Young Storytelling Site Storylane

The action at Facebook never seems to stop. Just yesterday, Facebook made a major announcement unveiling a radically new redesigned News Feed. Well, today Facebook also just acquired Storylane, a relatively new social network focused around telling stories, for an undisclosed amount. This acquisition makes sense given Facebook's desire to be in the storytelling business themselves.