The Federal Trade Commission is probing Facebook Inc to check if the social media company’s acquisitions were aimed at snapping up potential rivals before they could become a threat, according to the Wall Street Journal, citing people familiar with the matter.
That’s one way to look at it. I see Facebook buying up companies they think will be the next popular social media thing allowing it to continue expanding into “what’s cool.”
This was the practice of giving a VPN app away for free and then monitoring every users traffic (negating the ‘P’ in VPN) to see which applications are becoming popular and buying them before they can become a threat. Awful practice.
Oh, Dave. Equivocating about Facebook’s business practices is not a good way to serve your readers here.
“If,” indeed. FB’s succeeding at what Microsoft tried (and often failed) to do for years. “Embrace, extend, and extinguish” was the latter’s own term for their strategy.