Stand back Internet Explorer, Google Chrome, Mozilla Firefox, Safari, and the latest Yahoo Axis, the battle for web-browser supremacy is about to get a lot tougher as the world’s most used social networking site is rumored to throw its hat in the ring very soon. According to various reports, Facebook has decided to expand its acquisition list, and the newest member is expected to be the Norway based company Opera. The deal could potentially cost more than $1 billion to Facebook as the market share of Opera has recently increased to 26 percent.
Observing the recent active shopping spree Facebook has indulged in, one must curiously wonder what is next in store for the fans of the website? It should be recalled, Facebook has recently added gaming, movie streaming and most importantly bought the awesome photo editing app Instagram at a staggering cost of 1$ billion dollars – due to which we can assume these rumors to be somewhat true.
If Facebook does aim to purchase the web browser Opera (in order to create a unique web browser of its own quickly), then it can definitely turn out to be a wise move by the company, as Opera has gained immense popularity among the PC, smartphone and Nintendo Wii users and currently has more than 350 million active users (combined). Opera is the only feasible option Facebook has when it comes to the mainstream browser market.
Despite of the fact that the Opera-Facebook deal rumors are looking quite good in theory, the online controversy that viciously ignited a week ago due to the social network’s IPO might indicate things otherwise. Facebook’s shares slid to a new low on Tuesday at just above $30 and people have already started calling it the biggest IPO flop of the decade.
As far as Google Chrome (the number one web browser in the world) is concerned, the Facebook browser could hardly affect Chrome’s continued growth in the short term, however things can change a drastic turn in the long term as it’s success can force Google to introduce a more Google Plus centric Chrome version in the future.
As of today, the initiation of Facebook’s creation of its own web browser or even the date of the purchase of Opera is unknown as both companies are yet to release a comment regarding the deal.