Recently, Farcaster, the largest social app on the base chain, announced that it has been acquired by its underlying protocol @neynarxyz. Checked out some reviews from the overseas community, and opinions are pretty divided. The official account quoted Mark Twain's famous saying: 'The reports of my death have been greatly exaggerated.' The first time I heard about Farcaster was at an Ethereum offline event in 2023, and back then, you even had to pay to register. In 2024, they raised $150 million, with a valuation of $1 billion. The acquiring party, Neynar, raised $14 million, has solid core business performance, and is profitable—a case of a small fish eating a big fish. Both companies share a common investor, a16z. Farcaster's founder has been let go and said they’re moving on to do something else. I remember at the end of last year, Farcaster pivoted to payments, offering high APY for deposits, and the whole 'social' concept was basically gone. Now they’ve been acquired, token issuance is nowhere in sight, and retail investors won’t be getting their airdrops. Let’s see how they plan to pivot next!