Facebook buys Instagram, still released own camera app
Hello! I'm new, but I have been reading this site for a little while. I want to get into the community, so maybe this link will be my entrance token? XD Anyway:
Some time ago Mark Zuckerberg, the dude who made facebook, bought Instagram, the place for the hipster masses to be hipsters publicly by posting pretty (or not) vintage-looking photos. And from what I've seen today, they aren't even going to keep it up. Instead, they're releasing their own app that basically copies Instagram though.
So what, did they waste money? Did they eliminate their competition in an elaborate move? Or am I not catching something here?
Also: Be polite please, okay? XD