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Meta antitrust trial kicks off in federal court

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431 points c420 | 1 comments | 14 Apr 25 13:18 UTC | HN request time: 0.29s | source
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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.

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fallingknife ◴[14 Apr 25 20:14 UTC] No.43685820[source]▶
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.
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1. zombiwoof ◴[15 Apr 25 02:10 UTC] No.43688356[source]▶
Facebook knew. They have the data by spying on everything

They knew photos tracked better in news feeds

Also they new users don’t like to switch and get new followers

See Bluesky now. Hard to move even 1000 followers