Way back in April, word came out that Facebook was buying Instagram for $1 billion. Many people scoffed at the move as a waste of money from the social giant, but Zuckerberg and Co. thought of it as a way to help control their competition and therefore worth every penny. While that was all well and good early on, a mere three months after the closure of this mega-deal we are now hearing that Facebook wants more from their investment.
The news that broke yesterday details an startling corporate strategy that already has privacy groups irate. Starting January 16, all Instagram user photographs will be for sale with all profits going to its parent company. Essentially, the use will be for corporate promotion and countless other advertisements without direct consent or payment from the photo taker or those pictured. Relax though because there is a way to avoid all that: delete your Instagram account by that January deadline and never come back. Continue Reading
Warner Bros.’s experiment with renting movies on Facebook must be going well, as they have issued a press release saying that they are expanding their selection. Some notable films being added to Facebook include Inception, Harry Potter and the Chamber of Secrets, and Harry Potter and the Sorcerer’s Stone