Tag: buy or bury strategy

Meta’s Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows

Meta’s Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows

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Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 over concerns about the growing risk of antitrust scrutiny, according to a document shown at a trial in Washington on Tuesday. The document was shown during Zuckerberg’s second day of testimony at the high-stakes trial, in which the U.S. Federal Trade Commission […]

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U.S. prepares to challenge Meta’s social media dominance

U.S. prepares to challenge Meta’s social media dominance

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Soon after Mark Zuckerberg co-founded Facebook in his Harvard University dorm room in 2004, the social network skyrocketed in popularity. Roughly a decade later, the company experienced another round of explosive growth after buying its smaller rivals Instagram and WhatsApp, cementing its place in social media. On Monday, Judge James Boasberg of the U.S. District […]

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