PabloDiscobar ,
@PabloDiscobar@kbin.social avatar

The emails revealed that Zuckerberg wanted to buy Instagram as it was becoming a threat to Facebook.

"Facebook, by its own admission saw Instagram as a threat that could potentially siphon business away from Facebook," Nadler said during the hearing on Wednesday.

"So rather than compete with it, Facebook bought it. This is exactly the type of anti-competitive acquisition the antitrust laws were designed to prevent," Nadler added.

Facebook bought Instagram for $1 billion in 2012, a shocking sum at that time for a company with 13 employees,

Facebook bought the adoption, they bought the users.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • [email protected]
  • All magazines