Facebook and Instagram sitting in a tree
Probably ruining your priva-cy.
From the NYT story:
In its largest acquisition to date, the social network has purchased Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday.
It’s a notable move for Facebook, which has exclusively focused on bite-size acquisitions, worth less than $100 million.
Setting aside the truly bananas notion that less than $100 million is “bite-size,” what does this mean for privacy on Instagram? Can a tiny startup retain its charm once swallowed whole by a behemoth like Facebook?
I have no idea—I didn’t go to business school, which seems increasingly like a mistake—I’m just asking.