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Wednesday, August 22, 2012
Why The FTC Let Facebook Buy Instagram: FB Camera Is Tiny, IG Makes No Money, And Google - Tech Info 4 U
Evidence from Facebook and Instagram plus
analysis from outside experts has convinced the
Federal Trade Commission to today approve the
landmark acquisition. After four months of
investigation, it’s also revealed why. The FTC
cites that Camera+ and other competitors
dwarf Facebook’s standalone Camera app,
Instagram has no revenue and limited ways to
earn any, and that Google’s ad business and
social network will be stiff competition for
Facebook even if it owns Instagram.
Here’s the breakdown of how Zuck got his
way in 5-0 FTC vote for Facestagram.
A Bag Full Of Cameras
One reason...
Read More Here :
Why The FTC Let Facebook Buy Instagram: FB Camera Is Tiny, IG Makes No Money, And Google - TechCrunch
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