""One way of looking at this is that what we're really buying is time," Mark Zuckerberg wrote in February 2012, per internal Facebook emails that surfaced during the trial. "Even if some new competitors springs [sic] up, buying Instagram, Path, Foursquare, etc. now will give us a year or more to integrate their dynamics before anyone can get close to their scale again.""
""The landscape that existed only five years ago, when the Federal Trade Commission brought this antitrust suit has changed markedly," Boasberg wrote in his memorandum opinion. "While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down.""
U.S. District Court Judge James Boasberg found that the Federal Trade Commission did not prove Meta violated antitrust law when it acquired Instagram in 2012 and WhatsApp in 2014. Internal Facebook emails revealed concern about Instagram's rapid growth and competitive threat, including Mark Zuckerberg's remark that acquisitions could buy time to integrate rival dynamics. The judge emphasized the inquiry focused on whether Meta is a monopoly today, not solely on past conduct. The opinion cited competing apps such as TikTok and noted that distinctions between social networking and social media markets have blurred since the suit was filed.
Read at TechCrunch
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