Facebook acquisition of Instagram under investigation

By on June 23, 2012
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Investigations held amidst fears of alienating competitors.

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The Office of Fair Trading in the UK is set to investigate Facebook’s purchase of photo-sharing app Instagram, amidst fears that the social network will monopolize photo uploads from the app to other sites. Interested parties have just under 2 weeks to comment on the proposed investigation, after which the OFT will decide whether or not it has jurisdiction to proceed with the investigation.

Instagram is one of the most popular photo-sharing websites ever launched, with its mobile apps giving users the option to apply various artistic filters to their photos before uploading them. Seeing the popularity of the app and the number of Instagram photos that were making their way to Facebook, it came as no surprise when the purported $1bn deal went through.

Facebook has so far commented that they will comply with all requests from the OFT and will answer any queries that should arise.

(via The Guardian)


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A former IT & Marketing Manager turned full time Editor, Nick enjoys hurling fireballs and tinkering with the latest gadgets. Follow him on Twitter as @theregos

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