The FTC's antitrust trial against Meta commenced, focusing on allegations that the company, led by Mark Zuckerberg, maintains a monopoly. The FTC argues Meta strategically acquired rivals like Instagram and WhatsApp to stifle competition and impose anticompetitive conditions on developers. In contrast, Meta claims the social media landscape is competitive, emphasizing its positive impact on Instagram and WhatsApp's growth. Zuckerberg's internal messages from 2012 reveal his fears over Instagram's rapid user growth and competitive advantages, demonstrating the perceived threat it posed to Facebook.
Before acquiring Instagram for $1 billion in 2012, Mark Zuckerberg was really worried about Instagram. So much so that the Facebook founder called the prospect of falling behind Instagram "really scary.""}],
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