Since Facebook acquired photo-sharing phone application Instagram for $1 billion this year, the social media giant’s approach to the buyout has been similar to the tactics used by Google when it bought YouTube in 2006, says one report. Facebook, according to accounts, has been relatively hands-off with Instagram as it aims to allow the photo app to grow independently. Similarly, Google helped aid the expansion of video site YouTube without micro-managing its new acquisition. Reports say executives at Instagram are cautious of its future since being bought-out by Facebook, as billion-dollar mergers in the tech industry are never certain; Instagram engineer Shayne Sweeny told the media that he was concerned Instagram would actually shut-down after the buyout and that the company would “just dissolve.” Instagram revealed earlier this month a new feature that allows users to record and share videos on its platform.
Full Content: Fast Company
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI