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

Promo

Apple to buy social network: report
 
 
 
Top Stories
Kloud wins 1,700-seat Windows 10 deal
Office 365 integrator expands into end-user OS for Visy spin-off.
 
EMC to bring Virtustream cloud to Australia
[Exclusive] New cloud storage "not competing with Amazon S3".
 
Readify's IP Factory creates $1 million revenue stream
'Why leave gold shavings on the floor?'
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Meeting which tech founder would leave you most starstruck?





Latest Comments
CRN Magazine

Issue: 347 | March 2016

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.