Facebook Is Preparing to Copy Cameo

In a move that has become all too familiar, Facebook (NASDAQ: FB) has noticed an upstart social media app that is gaining traction and wants to take a bite out of the smaller company's growth. The dominant social media network has deployed this playbook countless times over the years, oftentimes attempting to acquire a promising new start-up while simultaneously threatening it by competing through copying.

The latest target is Cameo, an app that allows users to pay celebrities to deliver personalized messages.

CEO Mark Zuckerberg. Image source: Facebook.

Source Fool.com