Complex sentence: On October 29,2010 drop.io announced the company had been purchased by Facebook, the service would be shutting down and Sam Lessin, one of the site's founders, will be moving to Facebook.
Split into simpler sentences: On October 29,2010 drop.io announced the company had been purchased by Facebook. The service will be shutting down and Sam Lessin, one of the site's founders will be moving to Facebook.