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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: 0.233s | 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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1. jdblair ◴[15 Apr 25 07:03 UTC] No.43689816[source]▶
We're spending a lot of effort discussing what we thought in 2012, when the acquisition on the surface seemed insane ($1B!! For a photo app!)

What is more significant is what Meta did since then.

I do think Meta didn't see simply a photo sharing app, they saw another social graph they could ingest. They did this quite successfully.