Facebook tags Instagram's photos

Facebook's purchase of photo sharing business Instagram looks to leverage the latter's success in the mobile channel, but will the pair be able to fend off new, nimbler, fast-growing social media players?

Facebook's $1 billion purchase of Instagram is an acknowledgement that Facebook is basically a photo sharing business. If only Kodak had realised photo sharing was the future of photography, it might have bought, or at the very least partnered with Facebook, and wouldn't now be faced with a future that consists of little more than flogging off its patent portfolio.

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