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Mark Zuckerberg suggested spinning off Instagram
About a year before the Federal Trade Commission first opened its antitrust investigation into Meta’s acquisitions of Instagram and WhatsApp, CEO Mark Zuckerberg internally suggested “the extreme step of spinning Instagram out as a separate company.”
Mark Zuckerberg admits he considered spinning off Instagram in 2018
In a confidential 2018 email presented as evidence by the US Federal Trade Commission on Tuesday, Zuckerberg told top Meta executives that as “calls to break up the big tech companies grow, there is a non-trivial chance that we will be forced to spin out Instagram and perhaps WhatsApp in the next five to 10 years”.
The Federal Trade Commission sued Facebook (now Meta) in 2020, alleging it was in violation of antitrust laws by buying both ...
Mark Zuckerberg floated the possibility of spinning off Instagram from his social media empire amid rising regulatory ...
The Meta chief executive, testifying in a landmark antitrust trial, denied he was trying to snuff out competitors.
Meta boss Mark Zuckerberg conceded Tuesday that he bought Instagram because its camera technology was “better” than ...
Mark Zuckerberg returned Tuesday for a second day of testimony in Meta's antitrust trial.The Meta boss was grilled by the FTC about his company's 2012 purchase of Instagram.The FTC claims Meta's ...
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