Meta antitrust trial kicks off in federal court

(www.axios.com)

431 points c420 | 1 comments | 14 Apr 25 13:18 UTC | HN request time: 0.2s | source

Show context

henryfjordan ◴[14 Apr 25 19:16 UTC] No.43685057[source]▶

> "The FTC's lawsuit against Meta defies reality. The evidence at trial will show what every 17-year-old in the world knows: Instagram, Facebook and WhatsApp compete with Chinese-owned TikTok, YouTube, X, iMessage and many others," Meta spokesperson Chris Sgro said in a statement.

Everyone knew at the time that Facebook bought Instagram because it threatened Facebook's dominance, and hindsight shows that exactly that happened. There's a huge swath of people that dropped off FB and now use Insta, but Meta owns both. It was a great move but it was absolutely anti-competitive at the time.

replies(19): >>43685508 #>>43685515 #>>43685646 #>>43685767 #>>43685806 #>>43685820 #>>43686547 #>>43686628 #>>43686655 #>>43687439 #>>43687599 #>>43688044 #>>43688162 #>>43688335 #>>43688415 #>>43689802 #>>43689816 #>>43690767 #>>43703847 #

fallingknife ◴[14 Apr 25 20:14 UTC] No.43685820[source]▶

>>43685057 #

It was a tiny 1 billion dollar acquisition of a company with less than 50 employees. If everyone knew at the time how dominant Instagram would become, that "everyone" sure didn't include the founders and investors in Instagram.

replies(4): >>43685937 #>>43685941 #>>43686302 #>>43688356 #

1. jupp0r ◴[14 Apr 25 20:26 UTC] No.43685941[source]▶

>>43685820 #

There is also the question of cause and effect. Did Instagram grow to what it is today because of a decade of investments from Meta?

↑