Back in April Facebook announced that they were buying Instagram for a massive $1 billion, Instagram for those who don’t know is a photo sharing app for Apple’s iOS and Google’s Android platforms.
Instagram has become extremely popular, and when Facebook announced the takeover they said that the app would continue as a stand alone applications, of course before the deals goes through it will need approval from the various regulators.
According to a recent report by the Guardian, the UK’s Office of Fair Trading (OFT) is going to investigate Facebook’s $1 billion takeover of Instagram, as there is apparently concern, that Facebook may stop uploads of photos from the app to other social networks.
Considering that Facebook said that the application will remain a stand alone app, we very much doubt they would stop users uploading photos to the social network of their choice, as this certainly would raise a lot of criticism from users of the app.
It will be interesting to see what the OFT’s investigation discovers, and obviously they will be seeking some sort of assurances from Facebook during their investigation.
Source The GuardianFiled Under: Technology News, Top News