Social media biggies Twitter and Facebook are on a shopping spree every week or so there is a new from silicon valley about a acquisition made by the most happening companies in the world. Twitter and Facebook has recently made few of the acquisition. These acquisition are set to be believed as a value addition to the social media giants.

The duos Twitter and Facebook are following a smart business strategy of "Buy Them if you cant make them" Or simply focus on your core competencies.

Twitter has acquired the team at hotspots.io, a social media analytics company, the team at Hotspots.io joined Twitter's revenue engineering team to focus on developing analytics tools for the company's advertising and publishing partners.

Whereas Facebook has acquired Instagram (for over $1bn which had been Facebooks expensive buyout), GazeHawk (webcam eye-tracking startup, its team was acquired last month but not its product and technology). Caffeinated Mind ( A file-transfer startup which offered an on-demand peer-to-peer file sharing system, here also the team was acquired).It is expected that Caffeinated Mind would work on tools that will help its employees share files internally.

With so many acquisitions Facebook and Twitter are preparing for Future competition since the mobility of end users have increased and with daily changing technology one cant wait for long in the development of applications and test its success. Its always better to go for tried and tested products.