Facebook’s tendency to brand its new applications and features with names that are already in use in the tech sector appears to have been adopted by its Instagram unit, as well, as Andrew Benton, co-founder and CEO of mobile voice app Bolt, penned a blog post in the form of a “Dear Instagram” letter to the Facebook-owned photo- and video-sharing network over its apparent plans to launch a photo-messaging app called Bolt.
Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.
One topic that doesn’t come up too often during Facebook’s earnings calls is privacy, since it has little direct bearing on financial results, but Jefferies Analyst Brian Pitz brought up the topic during the company’s second-quarter earnings call Wednesday, and Co-Founder and CEO Mark Zuckerberg was only too happy to oblige.
Facebook-owned photo- and video-sharing network Instagram introduced its Instagram Direct direct-messaging service to much fanfare last December, but mentions of the feature have been few and far between since. However, according to Instagram, rumors of the demise of Instagram Direct are premature.
Officials from the European Union’s central competition authority, the European Commission, sent detailed questionnaires to rival online messaging companies as part of the EC’s pending investigation of Facebook’s $19 billion deal to acquire WhatsApp, which was initially announced in February.
The competition between Facebook and Snapchat has extended past the mobile messaging sector and into the executive ranks, as Mike Randall, global director of Facebook’s Preferred Marketing Developer program, left the social network to become vice president of business and marketing partnerships for the mobile messaging application.
Facebook Vice President for Europe, the Middle East, and Africa Nicola Mendelsohn discussed the company’s recent acquisitions of mobile messaging platform WhatsApp and immersive virtual reality technology company Oculus VR at the Fortune Most Powerful Women International conference in London.
As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
Hoping to avoid dealing with antitrust investigations by several countries in the European Union regarding its $19 billion acquisition of cross-platform messaging application WhatsApp, Facebook requested that the EU’s central antitrust authority, the European Commission, conduct a review of the transaction, The Wall Street Journal reported.