2014 Event Mobile photo sharing app Snapchat settles with the Federal Trade Commission after acknowledging that it falsely claimed that data sent through the app would disappear rather than form a permanent record, creating user privacy violations 2012 Event South Korea announces that it plans to sign a pact with Japan that encourages the sharing of sensitive military intelligence 2012 Event Facebook purchases Instagram, a photo sharing application, for $1 billion 1997 Event Major league revenue sharing begins, New York Yankees pay out most $28M 1953 Event New York, Cleveland, and Boston retaliate at Bill Veeck, forcing the Browns to play afternoon games to avoid sharing TV revenues
