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Re:Dear Instagram by daddykotex on Monday July 28, 2014 @11:17AM (#8097219)
I hope they change the name.

Since Instagram is owned by Facebook and Facebook has launched Slingshot, a Snapchat rival, I'm wondering why they need another one?

Re:Dear Instagram by fred_durst on Monday July 28, 2014 @01:03PM (#8097987)
I have a feeling Facebook is becoming a bit of an integrated app holdings company. Where as Amazon and Google have turned their infrastructure to the public, Facebook appears to be using it and its large investment dollars to be building a type of decentralized(partly) tech conglomerate.

It's almost as if they took their lessons from the struggles in becoming a platform for third parties and decided that there are only a small number of core applications people use. Instead of waiting for, and having less control of these high profile apps, Facebook instead is just owning them outright.

Re:Dear Instagram by ivraatiems on Monday July 28, 2014 @11:19AM (#8097239)
With acquisitions, Facebook has generally left the acquired company mostly alone (if it's big and successful already). Instagram, Occulus and WhatsApp as examples. Instagram competes with Facebook in some ways, too, but it's still separate.

Their goal is more data, not less competition.

Re:Dear Instagram by trothamel on Monday July 28, 2014 @11:24AM (#8097290)
Is collecting data the goal, or simply diversification?

My theory is that Facebook (the company) is preparing for the day when Facebook (the website) goes the way of Friendster and Myspace, and they're attempting to have other lines of business when that happens.

Re:Dear Instagram by ivraatiems on Monday July 28, 2014 @11:31AM (#8097351)
Hmm, I hadn't considered that. It could be. I dunno. Anyway, they definitely want to keep their acquisitions pretty separate for the time being.
Re:Dear Instagram by minimaxir on Monday July 28, 2014 @11:23AM (#8097277)
Slingshot is dead in the water, having fallen out of the Top 200 for its category.

Facebook must be trying for a round 3.