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The FTC wants to prove Meta has a monopoly over personal social networking, so it wouldn’t view video app TikTok as a ...
In an internal email surfaced as part of the Meta antitrust trial, Meta CEO Mark Zuckerberg fretted about the potential that the company’s Instagram acquisition may cannibalize Facebook. Were that to ...
The case, filed during Donald Trump's first term, is widely seen as a test of the new Trump administration's promises to take on Big Tech companies.
Meta used to be Facebook. Why state the obvious? The answer is that what’s obvious very much calls into question the FTC’s ...
When Instagram was acquired for $1 billion in 2012, co-founder Kevin Systrom believed that joining Facebook would help ...
Earlier in the trial, Meta CEO Mark Zuckerberg had argued that Facebook’s acquisition of Instagram had helped rather than hurt its growth – and asserted that its explosion in popularity may ...
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Instagram's former CEO testifies Zuckerberg thought the app was a ‘threat’ to FacebookFacebook acquired Instagram in 2012 for $1 billion, but tensions between Mark Zuckerberg and the app’s founders persisted for years afterward. On Tuesday, Instagram’s former CEO and cofounder ...
Instagram co-founder Kevin Systrom testified that his fledgling photo-sharing app could have succeeded without being acquired by Meta Platforms Inc., and that eventually Chief Executive Officer ...
Facebook's $1 billion 2012 acquisition of Instagram plays a large role in the FTC's case. The FTC argues that the acquisitions of Instagram and WhatsApp violated US competition law. Internal ...
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