OFT Green-lights Facebook Instagram Grab

 It is the first time the OFT has ever made a ruling about a social network business and brings the social network one step closer to completing its acquisition of Instagram. The OFT had to decide whether the acquisition would be anti-competitive and lead to a “substantial lessening of competition in the UK”. There was the concern that Facebook’s purchasing of Instagram could restrict people from uploading photos from the popular app to sites other than the huge social network, such as Twitter.

Read the whole story at The Telegraph » Recommend