Apple to buy social network: report

By Luke Edwards on Aug 6, 2012 4:57 PM
Filed under Mobility

To get more photo-focused.

Apple is reportedly eyeing off photo-based social networking site The Fancy as part of a play into the ecommerce market.

According to Business Insider, the move would a bigger opportunity for Apple to get more cash off the 400 million credit cards it already has on file, via its iTunes store. 

The two-year old, 20-strong company takes 10 percent of all purchases on its site.

Neither Apple or The Fancy have commented on the report.

[Via Business Insider]

This article originally appeared at

Follow us on Facebook and Twitter

Copyright ©


Apple to buy social network: report
Top Stories
Dave Stevens steps down as Brennan managing director
Hands over day-to-day operations to Stephen Sims.
VTech hack exposes data on 6.4 million children
Breach dubbed 'nightmare of epic proportions' for parents.
Sign up to receive CRN email bulletins
Was your most important vendor the same in 2015 as in 2014?

Latest Comments
CRN Magazine

Issue: 344 | November 2015

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.