The social media giant is ostensibly looking forward to acquire a cyber security firm, discussions for which are underway. Facebook has reportedly already talked to several major cybersecurity companies about a possible buyout.
Facebook could ink a deal by the end of this year. If Facebook does buy a major cybersecurity firm, it could help the company on two fronts. First, it would give Facebook the much-needed resources to help the company prevent further hacks. Second, it’s a good PR move. Spending tens or hundreds of millions on a cybersecurity company could convince the public that Facebook is taking its cybersecurity problems seriously.