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To Be Clear, Instagram Was Acquired to Eliminate a Competitor, and That Was Fine With the FTC – Pixel Envy
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To Be Clear, Instagram Was Acquired to Eliminate a Competitor, and That Was Fine With the FTC – Pixel Envy
Casey Newton and Nilay Patel, the Verge, in July 2020: It’s a combination of neutralizing a competitor and improving Facebook, Zuckerberg said in a reply. “There are network effects around social products and a finite number of different social mechanics to invent. Once someone wins at a specific mechanic, it’s difficult for others to supplant them without doing something different.” […] Forty-five minutes later, Zuckerberg sent a carefully wor…
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