Facebook And Instagram Suspected Of Violating Antitrust Laws

Earlier this month, Facebook offered a $1 billion paycheck to the widely popular photo-sharing app creator, Instagram. Quickly skyrocketing to the #1 spot in the App Store, Instagram has been an overall success. This acquisition caused a lot of disapproval from Instagram users, calling the company of their once favorite app a sell-out.

Now, it seems fans are not the only people against this buyout. The U.S Federal Trade Commission (FTC) has approached Facebook with an investigation, putting a hold on the $1 billion acquisition to determine if any U.S antitrust laws were violated. Regardless, Facebook plans to pay out $200 million to Instagram’s two co-founders.

Seagate Acquires LaCie For $186 Million

If you have recently looked into Thunderbolt connectivity, then you might have come across the blazingly fast speeds that LaCie’s Thunderbolt Series Hard Drives promises. Being one of the few companies to have produced Thunderbolt capable products, LaCie caught the attention of a lot of major computer geeks, as well as Seagate, one of the largest data storage manufacturers today. They recently acquired the French storage company for a reported $186 million. Mixing LaCie’s premium storage products with Seagate’s massive customer base, we should be looking forward to some major releases from Seagate.