Consumer Groups Wants FTC To Investigate Facebook/WhatsApp Deal

Consumer Groups Wants FTC To Investigate Facebook/WhatsApp DealA couple of weeks ago, Facebook had the industry in a frenzy when they announced that they would be acquiring instant messenger app, WhatsApp, for a whopping $19 billion, making it several more times more expensive than what they paid for Instagram which was $1 billion.

In a way this is a good move for Facebook as they would acquire one of the world’s most popular and most used instant messaging services, but it seems that not everyone is too pleased about the deal as two consumer groups have recently filed a complaint with the Federal Trade Commission, asking them to investigate the pending acquisition. (more…)

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  • Consumer Groups Wants FTC To Investigate Facebook/WhatsApp Deal original content from Ubergizmo.