Step 1: Identify the company in focus → The question is about the video editing technology company acquired by Facebook in 2017.
Step 2: Recall the actual acquisition → While Facebook made several acquisitions related to video and interactive media, the specific video editing technology company it acquired in 2017 was Fayteq.
Step 3: About Fayteq → Fayteq was a German computer vision and video editing startup that developed advanced software capable of adding or removing objects from videos in real time. This allowed seamless editing, product placements, and special effects within live or recorded videos.
Step 4: Significance of the acquisition → By acquiring Fayteq, Facebook aimed to strengthen its video manipulation and editing capabilities, giving it an edge in areas like augmented reality (AR), virtual reality (VR), and advertising innovations.
Step 5: Context of Facebook’s strategy → Around this time, Facebook was heavily investing in AR/VR (with Oculus) and video as part of its core future, and Fayteq’s technology directly supported this vision by enhancing interactive and immersive experiences.
Step 6: Apply the formatting rule → Since the instructions specify no spaces, the final answer is written as a single string.
FinalAnswer:Fayteq