Facebook’s acquisition of photo-sharing app Instagram was in the spotlight on Friday following a report that the Federal Trade Commission was investigating the deal on competition grounds. The FTC reportedly has even asked for input on the deal from rivals Google and Twitter, although it isn’t clear what information was being requested. Facebook’s Mark Zuckerberg probably has had better weeks. The CEO of the soon-to-go-public company was widely criticized in the press this week for wearing a hoodie on its road show. Now it’s likely his final pre-IPO deal could be delayed until the third quarter.
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FTC's Instagram Probe Could Spotlight Zuckerberg's Wheeling and Dealing
Posted by: Peter Suciu May 11, 2012 12:18 PMFacebook’s acquisition of photo-sharing app Instagram was in the spotlight on Friday following a report that the Federal Trade Commission was investigating the deal on competition grounds. The FTC reportedly has even asked for input on the deal from rivals Google and Twitter, although it isn’t clear what information was being requested. Facebook’s Mark Zuckerberg probably has had better weeks. The CEO of the soon-to-go-public company was widely criticized in the press this week for wearing a hoodie on its road show. Now it’s likely his final pre-IPO deal could be delayed until the third quarter.