US EditionMeta CEO Zuckerberg considered spinning off Instagram in 2018 over antitrust worries, email says
- Mark Zuckerberg, CEO of Meta, defended the acquisition of Instagram and WhatsApp during the trial related to the antitrust lawsuit by the Federal Trade Commission .
- In 2018, Zuckerberg expressed concerns that Meta may need to spin out Instagram and WhatsApp due to growing calls for breaking up big tech companies, as shown in an email presented in court.
- Facebook acquired Instagram in April 2012 for $1 billion and WhatsApp in 2014 for $19 billion, but Zuckerberg noted that their dominance could be threatened by platforms like YouTube.
- Zuckerberg remarked that while sharing on Facebook has declined, 'most companies actually perform better after they’ve been split up' to address market dominance concerns.
54 Articles
54 Articles
Spinning off Instagram, the decline of ‘friending’ and other takeaways from Mark Zuckerberg at the FTC monopoly trial
CEO Mark Zuckerberg defended Meta’s acquisition of Instagram and WhatsApp on the stand this week during the start of trial over the blockbuster antitrust lawsuit brought by the Federal Trade Commission.
Zuckerberg Considered "Spinning Instagram Out" Over Antitrust Worries
Meta CEO Mark Zuckerberg once considered separating Instagram from its parent company due to worries about antitrust litigation, according to an email shown Tuesday on the second day of an antitrust trial.
Zuckerberg once floated spinning off Instagram over antitrust fears, email reveals in trial
Meta CEO Mark Zuckerberg once considered separating Instagram from its parent company due to worries about antitrust litigation, according to an email shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolized the social media market. In the 2018 email, Zuckerberg wrote that he was beginning to wonder if “spinning Instagram out” would be the only way to accomplish important goals, as big-tech companies grow. He als…
What’s at stake for Mark Zuckerberg and Meta in their antitrust case
Emails presented in the antitrust case against Meta shows that CEO Mark Zuckerberg considered selling off Instagram and WhatsApp in 2018. NBC News’ Brian Cheung reports on what Zuckerberg’s second day of testimony in court revealed.
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