Read what Mark Zuckerberg and Facebook execs said about Instagram before buying it

The first week of the Meta antitrust trial brought new revelations about how the company formerly known as Facebook approached the competitive threat posed by Instagram in the early 2010s. The U.S. government is accusing Meta of violating competition laws by acquiring companies like Instagram and WhatsApp that threatened the Facebook monopoly. If lawyers for the U.S. Federal Trade Commission (FTC) are successful, the government could force Meta to break up its business by selling off Instagram and WhatsApp. As part of the trial, the FTC shared compelling evidence to demonstrate that Facebook was very much aware of the risk Instagram created for its business as the photo-sharing app grew in popularity. In documents containing Facebook’s internal emails, Facebook execs fret over Instagram’s growth and discuss how much to pay for the app, if Facebook were to acquire it. The company execs also discuss other strategies for limiting Instagram’s growth, including copying its functionality ... Read full article.