It's a shame. It shows insecurity in their product if they feel so threaten over something that's in a completely different field from them, that they end up buying it out. Next thing, they'll try to buy everything that starts to show more prominence than them and they'll end up ruining it. If your colleague is right, then Instagram would've become a project that had potential but failed miserably in the end.
How do you feel about Facebook buying Instagram?
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It's a shame. It shows insecurity in their product if they feel so threaten over something that's in a completely different field from them, that they end up buying it out. Next thing, they'll try to buy everything that starts to show more prominence than them and they'll end up ruining it. If your colleague is right, then Instagram would've become a project that had potential but failed miserably in the end.