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Today in Tech: Facebook's Instagram Deal Gets Grilled by Feds


Apple will dump Google maps and orangutans are using iPads.

MINYANVILLE ORIGINAL The Federal Trade Commission is investigating Facebook's (FB) acquisition of Instagram, and the probe could push back a completion of the deal for as long as a year. Facebook expected the acquisition to go through before the end of the quarter. The FTC routinely investigates any deal worth more than $68.2 million. The regulators have reached out to Google (GOOG) and Twitter to be part of the investigation. Twitter had previously tried to buy Instagram. If regulators strike down the merger, Facebook will pay Instagram $200 million.

Today, Bloomberg is reporting that Facebook's IPO is getting weaker-than-expected demand from institutional investors, and Reuters says that the IPO is already over-subscribed. The numbers show that although Facebook's revenue and user base is still growing sequentially, its days of heady growth might be winding down. (Read more: Nobody Likes Facebook, but a Rewind to 2004 Reveals That Nobody Liked Google Either.)

Apple (AAPL) will be ditching its agreement with Google for its map solutions in iOS 6. The iPhone and iPad currently use Google's back-end maps instead of a completely in-house app, 9to5Mac reports. Apple reportedly acquired C3 Technologies, Placebase, and Poly9 to develop a 3-D modeled world map with graphics based on declassified missile target algorithms.

At Intel's (INTC) investor meeting, CEO Paul Otellini pooh-poohed the version of Windows 8 that uses ARM Holdings (ARMH)-licensed chip architecture, as opposed to Intel's x86 technology.

"I think they have a big uphill fight," said Otellini. "We have the advantage of the incumbency, advantage of the legacy support. Not just in terms of applications but devices."

Intel Windows computers will have access to thousands of programs. Microsoft (MSFT) is working on versions of its software to run on the ARM architecture with touch-screen optimization, and is beckoning third-party developers to do the same.

A lot of early investors and employees are going to get rich once Facebook stock pops after the IPO. One you might not expect is Friendster. Yep, the social network that Myspace (NWS) left in the dust sold some patents to Facebook in 2010 for 3.6 million shares of Facebook (hat tip to CNN Money). The deal was valued at $40 million, but those shares will fetch $127 million for the Malaysian company that bought Friendster.

And holy cow, orangutans are using iPads. Seriously.

Twitter: @vincent_trivett
No positions in stocks mentioned.
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