Earlier this weeks, a report came out that terms of service fracas cost Instagram about 25 percent of its users and that resulted in Facebook stock dropping about three percent. Instagram came out and said it is not the case. Ooops!
The question to be asked after the drama – why everyone was getting hot and bothered by a report in the New York Post, for god sake. It is not exactly a business paper or record or one with a long history of breaking (accurately) technology news. Now had it been the New York Times or Wall Street Journal, it would have been different story! Anyway Post does have great headlines. And Page Six is delicious!