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Friday, 11 May 2012 - Google, Twitter quizzed on Facebook-Instagram: source |
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Nearly two-thirds of private sector job creation has come under Democratic presidents during the last five decades, according to a new study by Bloomberg News.   Read more at Counterparties   Homeowners wait months to refinance Sign up for the Counterparties newsletter! 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See the best of Reuters photography.  See more | Photo caption  Gay marriage battle A look at the legal battles and the controversies over gay marriage.  Slideshow  Wild weather Scenes of the awesome and sometimes destructive power of nature.  Slideshow  Google, Twitter quizzed on Facebook-Instagram: source Tweet Share this Email Print Related News Facebook changes IPO pitch in Boston, scraps video Tue, May 8 2012 Zuckerberg kicks off Facebook's IPO show in New York Tue, May 8 2012 Facebook's Zuckerberg kicks off investor show in NY Mon, May 7 2012 Facebook plans to raise $10.6 billion in mega IPO Fri, May 4 2012 Facebook's IPO show to hit the road on May 7: source Wed, May 2 2012 Analysis & Opinion Morgan Stanley’s Facebook curse MuniLand Snaps: May 10 Related Topics Tech » Media » Facebook » A photo illustration shows the applications Facebook and Instagram on the screen of an iPhone in Zagreb April 9, 2012. Credit: Reuters/Antonio Bronic By Alexei Oreskovic Thu May 10, 2012 8:58pm EDT (Reuters) - The U.S. Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc's $1 billion acquisition of photo-sharing service Instagram, a source familiar with the probe told Reuters. It was not immediately clear what specific information the FTC was looking for, the source said. The Commission automatically initiates a review of any acquisition of significant size. The acquisition of the top photo-sharing service on the Internet is a crucial part of Facebook's strategy to bolster its mobile offerings, at a time when consumers are increasingly accessing the Internet through smartphones. Facebook had said it hopes to complete the deal -- the largest in Facebook's history -- in the second quarter, but some observers think that may be an ambitious target, given the size of the deal and Facebook's status as the world's No.1 Internet social network with roughly 900 million users. The FTC's review of the deal comes as Facebook is preparing to raise as much as $12 billion in a record-breaking initial public offering that could occur as soon as next week. Some investors have cited Facebook's limited advertising revenue from the mobile versions of its service as a potential concern with regards to the company's long-term growth potential. Facebook and Twitter declined to comment. Google was not immediately available for comment. (Reporting by Alexei Oreskovic and Steve James; Editing by Edwin Chan and Michael Perry) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Friday, 11 May 2012
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    Cannes film festival puts spotlight on rising stars |
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