Testimony that Instagram was ‘better’ seems to bolster allegations Meta used ‘buy or bury’ tactic to snap up rivals
Meta’s chief executive Mark Zuckerberg considered spinning off Instagram in 2018 in anticipation of a potential antitrust suit, documents unveiled at a trial in Washington showed on Tuesday.
“While most companies resist break-ups, the corporate history is that most companies actually perform better after they’ve been split up,” he wrote in an email at the time. He said there was a “there is a non-trivial chance” his company would be forced to spin Instagram and WhatsApp out anyway.
About Author
More Stories
Exercise ‘better than drugs’ to stop cancer returning after treatment, trial finds
Cancer experts warn of coffee enemas and juice diets amid rise in misinformation
Elon Musk shows he still has the White House’s ear on Trump’s Middle East trip