U.K. regulator to investigate Facebook's bid for Instagram
Fearing a monopoly of the photo upload market, the U.K.'s competition regulatory agency wants to investigate Facebook's $1 billion bid to buy Instagram, the Guardian reported today.
The Office of Fair Trading is afraid the social network might stop picture uploads to other sites from the app, or restrict other apps' ability to upload to Facebook.
When contacted by CNET, Facebook said it's working with the U.K. agency, but didn't offer any other details.
"We'll continue to work closely with the OFT and look forward to answering any questions that arise," … Read more