Why The FTC Let Facebook Buy Instagram: FB Camera Is Tiny, IG Makes No Money, And Google
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.