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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: 0s | 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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Aunche ◴[14 Apr 25 23:59 UTC] No.43687599[source]▶
> Everyone knew at the time that Facebook bought Instagram because it threatened Facebook's dominance, and hindsight shows that exactly that happened.

This is something that people can claim to know from hindsight. When Facebook acquired it, Instagram was a photo sharing app that had 13 employees.

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Larrikin ◴[15 Apr 25 02:20 UTC] No.43688421[source]▶
If it was some insignificant photo sharing app with 13 employees why did they pay a billion dollars for it? Everyone knew when the sale closed exactly what they were doing.
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lbrandy ◴[15 Apr 25 03:44 UTC] No.43688795{3}[source]▶
It's fun to see everyone arguing about what "everyone" thought.. when... we can just... look... https://news.ycombinator.com/item?id=3817840 is a fun thread from 2012.

The top reply to the top comment has some useful quotes for the purposes of this discussion...

> This is not going to be one of the best tech acquisitions of the next decade.

> Instagram is a photo service in a sea of other photo services.

> Bookmark this comment. See you in 2022.

Heh.

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pjc50 ◴[15 Apr 25 08:47 UTC] No.43690455{4}[source]▶
HN is notorious for this kind of thing, such as the iPod: "less space than a nomad, no wireless, lame". Due to not understanding how much consumers value simplicity.
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latexr ◴[15 Apr 25 09:47 UTC] No.43690801{5}[source]▶
Every time I see a comment accusing HN of having some specific consensual position like a hive mind, I go back and see comments both contradicting and supporting the stance. In other words, different opinions. Every single time I check, and every single time it shows the original commenter engaged in selection bias.

This case is particularly wrong, as that iPod quote is from Slashdot. HN didn’t even exist in 2001.

https://slashdot.org/story/01/10/23/1816257/apple-releases-i...

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1. lesuorac ◴[15 Apr 25 12:16 UTC] No.43691642{6}[source]▶
But hindsight of HN is different from hindsight of FaceBook.

FaceBook was literally collecting data on what apps people were using on their phones and empirically saw the rise of Instagram. Of course the rise of Instagram didn't need to continue but that's why you buy all the realistic competitors so even if most of them fail you have a moat of dead companies.