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 Stuff.tv

 
Follow us on Facebook and Twitter
 

Copyright © Stuff.tv

Apple to buy social network: report
 
 
 
 
 
Top Stories
The 20 most influential people in tech of 2014
Who's turning the industry upside down?
 
Officeworks cracks earnings milestone
But expects unpredictable conditions ahead.
 
Strong Vita Group earnings marred by Apple business
Lack of new iPhone hurts Next Byte.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
As a reseller, rebates and discounts are...


Latest Comments
CRN Magazine

Issue: 329 | July 2014

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.