Yesterday, news came out that social media giant, Facebook, would be acquiring the lesser known social media up and comer, FriendFeed.

FriendFeed is a general aggregate website of all your different social media utilities… Delicious, Digg, GoodReads, Twitter, and others. It pulls your updates and displays them in a Twitter-like feed where you can comment further and even view images without having to click. Check out this screen shot below:

Facebook is a wonderful way for users to create custom profiles and slowly acquire new friends. Replacing the subscription feed displayed on all FriendFeed profiles with Facebook’s friend stream would surely be a great substitution. I always thought FriendFeed was a valuable step-up from Twitter but the lack of third-party applications made it rather obsolete… until now.

When Twitter went quiet for around 3 hours last week, everyone turned to Facebook as their time-wasting savior. What I, and I assume many other people, discovered is that Facebook’s main stream just didn’t cut it. Things didn’t move quick enough, the information being displayed wasn’t quite customizable enough. The addition of a FriendFeed in Facebook would mean the option to aggregate much more dynamic information.

Is it time again for Google and Twitter to talk acquisition? I honestly think that is the only saving grace for Twitter right now but with Google Wave coming out later this year I imagine that wont be happening anytime soon.