Monday, August 6, 2012

Apple Purchases Social Start-Up “The Fancy”


Reports of Apple trying to get more social adds to no surprise their latest purchase of “The Fancy” a Pinterest-like social media site started by co-founders of Facebook and Twitter. Apple purchased The Fancy because of their ability to make money unlike the much larger rival Pinterest. The Fancy has done a better job at linking to products for purchase while the social company takes a 10% transaction fee for using the site. Apple has plans of linking their over 400 million credit cards on file through their Apple iTunes store. 

No comments:

Post a Comment