Story image

Facebook-Instagram deal faces scrutiny

31 May 2012
US regulatory body the Federal Trade Commission has asked for more information from Facebook before approving the company’s US$1 billion purchase of photo sharing app Instagram, first announced in April.
 
The request goes some way to explaining why Facebook went ahead and launched its own photo sharing app last week, as it means the acquisition may not be finalised for months to come.
 
Facebook’s shares have plummeted to US$28.84 since the company debuted on the Nasdaq twelve days ago, a drop of 24% from the opening price of US$38.
 
According to a Reuters report, although the FTC automatically reviews any acquisition worth over US$68.2 million, the regulator’s interest in this particular deal may have been attracted by the high unusually high purchase price.
 
Instagram had been valued at around US$500 million just days beforehand, the report says.
How big data can revolutionise NZ’s hospitals
Miya Precision is being used across 17 wards and the emergency department at Palmerston North Hospital.
Time's up, tax dodgers: Multinational tech firms may soon pay their dues
Multinational tech and digital services firms may no longer have a free tax pass to operate in New Zealand. 
Spark’s new IoT network reaches 98% of New Zealand
Spark is the first company to confirm the nationwide completion of a Cat-M1 network in New Zealand.
WhatsApp users warned to change voicemail PINs
Attackers are allegedly gaining access to users’ WhatsApp accounts by using the default voicemail PIN to access voice authentication codes.
Robots to the fore – Key insights for New Zealand Business into RPA in 2019
From making artificial intelligence a business reality to closer ties to human colleagues, robotic process automation is gearing up for a strong 2019.
50 million tonnes of e-waste: IT faces sustainability challenges
“Through This is IT, we want to help people better understand the problem of today’s linear “take, make, dispose” thinking around IT products and its effects like e-waste, pollution and climate change."
Vocus & Vodafone unbundle NZ's fibre network
“Unbundling fibre will provide retail service providers with a flexible future-proofed platform regardless of what tomorrow brings."
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.