Is File Sharing and Storage Coming to Facebook?
Facebook has stirred the pot yet again with the acquisition of (news, site), a New York start-up whose product enables users to privately share files through a drag-and-drop interface.

First things first: If you're a user, best save the files you want to save ASAP because this ship's going all the way down. 

"As of this week, people will no longer be able to create new free drops, but you'll be able to download content from existing drops until Dec. 15," read's official announcement. "Paid user accounts will still be available through Dec. 15 and paid users will be able to continue using the service normally. After Dec. 15, paid accounts will be discontinued as well."

Unfortunately, there was no mention of a bulk download or export option, so users are likely stuck downloading files one at a time. 

Not Your Run-of-the-Mill File Sharing Service

Though rightly comparable to services like Dropbox and, packed a few features that were somewhat unique to its peer pool, such as phone calls, faxing, and chat. 

An application called added presentations and live conference calls to the mix in May of last year, further promoting collaboration (think webinars or group presentations) without the need to download or install anything.

Should these perks get folded into Facebook's arsenal of goodies, we can see a serious dip in e-mail usage outside the workplace (hey, Gmail!). Then again, Zuckerberg has been quoted as saying "We have never once bought a company for the company. We buy companies for excellent people." 

Remembering Titan

While there's no word on what will happen to's eight employees, we do know that company founder Sam Lessin will be joining the Facebook team full time. Interestingly, Lessin and Facebook's founder Mark Zuckerberg attended Harvard University together, and Lessin reportedly played a significant part in Facebook's early days as Zuck's New York venture capitalist tour guide. 

So, perhaps this is simply a case of swooping up an old friend ( raised roughly US$ 1 million less than the regulatory filing indicates they were aiming for). OR, perhaps it's a building block of the seemingly dead Facebook webmail application rumor (a.k.a. Project Titan and no, I still haven't let that go). Guess we'll have to wait and see.